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New Office of Strategic Capital in US Department of Defense

This bill establishes a new office within the Department of Defense to support the development of technologies crucial for national security. The office will provide loans, loan guarantees, and invest in companies creating innovative solutions, while also protecting them from hostile nations. The goal is to accelerate access to vital resources and technologies for national defense.
Key points
An Office of Strategic Capital is established to financially support companies developing technologies vital for US security.
The office will provide loans, loan guarantees, and equity investments to companies creating key defense assets.
The aim is to protect important technologies from theft or acquisition by countries hostile to the United States.
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Additional Information
Print number: 118_HR_4952
Sponsor: Rep. Wittman, Robert J. [R-VA-1]
Process start date: 2023-07-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4952.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-26.

What are the main provisions?

Key points include:

  • An Office of Strategic Capital is established to financially support companies developing technologies vital for US security.
  • The office will provide loans, loan guarantees, and equity investments to companies creating key defense assets.
  • The aim is to protect important technologies from theft or acquisition by countries hostile to the United States.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wittman, Robert J. [R-VA-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Armed Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Security Public Investments Economy