Expanded Defense Investments: Equity and Critical Minerals Funding
This Act expands the powers of the Department of Defense's Office of Strategic Capital (OSC), allowing it to make direct equity investments in companies vital to national security. This means the US government can now directly support the development of defense technologies and critical mineral supply chains, aiming to strengthen the nation's economic and defense security. While these changes do not directly impact citizens' daily finances, they may indirectly contribute to the stability and innovation of defense-related sectors.
Key points
The Office of Strategic Capital (OSC) is authorized to make minority equity investments in eligible projects, adding a new tool beyond loan guarantees.
The Act explicitly encourages the OSC to invest in critical minerals to reduce US reliance on foreign suppliers in key sectors.
New fee collection authority is granted for providing capital assistance, and special hiring authorities are introduced for up to 50 employees to streamline the Office's operations.
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