,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dehh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ba1 #bjbb,ms4   
,ros5 7= h]self & ,mrs4 ,blackburn7     
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,arm$ 
,s]vices  ,a ,,bill  ,to e/abli% a      
public-private p>tn]%ip te*nology       
inve/m5t pilot program4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,inve/+ 9    
,am]ican ,def5se ,te*nologies ,act (    
#bjbb4  #b4 ,public-private p>tn]%ip    
te*nology inve/m5t pilot program  7a7   
,e/abli%m5t  7#a7 ,9 g5]al ,subject to !
 availability ( appropriations = ?is    
purpose1 ! ,secret>y ( ,def5se %all c>ry
 out a pilot program1 = no less ?an five
 ye>s1 to accel]ate ! developm5t (      
advanc$ te*nology = national security by
 creat+ inc5tives = tru/$ private       
capital to inve/ 9 dome/ic small        
bus9esses or nontraditional bus9esses t 
are develop+ te*nology t ! ,secret>y    
consid]s necess>y to support !          
mod]nization ( ! ,dep>tm5t ( ,def5se &  

national security priorities4  7#b7     
,purposes ,! purposes ( ! program       
requir$ by p>agraph 7#a7 are z foll[s3  
7,a7 ,to promote ! global sup]iority ( !
 ,unit$ ,/ates 9 advanc$ te*nologies (  
importance to national security1 :i* are
 n adequately support$ by private sector
 inve/m5t4  7,b7 ,to accel]ate !        
transition & deploym5t ( advanc$        
te*nologies into ! ,arm$ ,=ces4  7,c7   
,to support ,dep>tm5t inve/m5t ?r\gh a  
loan gu>antee to accel]ate acquisition1 
procurem5t1 & ! transition ( advance    
te*nology describ$ 9 p>agraph 7#a71 z   
appropriate4  7b7 ,public-,private      
p>tn]%ip  7#a7 ,9 g5]al ,9 c>ry+ out    
subsection 7a71 ! ,secret>y %all ent]   
into a public-private p>tn]%ip ) "o or m
 p]sons us+ crit]ia t ! ,secret>y %all  
e/abli% = purposes ( ?is subsection4    
7#b7 ,crit]ia ,! crit]ia e/abli%$ "u    
p>agraph 7#a7 = ent]+ into a            
public-private p>tn]%ip ) a p]son %all  
include ! foll[+3 7,a7 ,! p]son %all be 
indep5d5t4  7,b7 ,! p]son %all be free f

 =eign ov]sight1 control1 influ5ce1 or  
b5eficial own]%ip4  7,c7 ,! p]son %all h
 comm]cial private capital fund exp]i5ce
 ) te*nology developm5t 9 ! def5se &    
comm]cial sectors4  7,d7 ,! p]son %all  
be eligible = access to classifi$       
in=mation 7z def9$ 9 ! proc$ures        
e/abli%$ pursuant to section #hja7;a7 ( 
! ,national ,security ,act ( #aidg 7#ej 
,u4,s4,c4 #cafa7;a7774  7#c7 ,op]at+    
agreem5t ,! ,secret>y & a p]son ) :om ! 
,secret>y ent]s a p>tn]%ip "u p>agraph  
7#a7 %all ent] into an op]at+ agreem5t t
 sets =? ! roles1 responsibilities1     
au?orities1 report+ requirem5ts1 &      
gov]nance framework = ! p>tn]%ip & its  
op]ations4  7c7 ,inve/m5t & rais+ (     
capital  7#a7 ,inve/m5t  7,a7 ,9 g5]al  
,pursuant to a public-private p>tn]%ip  
ent]$ into "u subsection 7b71 a p]son ) 
:om ! ,secret>y has ent]$ ! p>tn]%ip    
%all inve/ equity 9 dome/ic small       
bus9esses or nontraditional bus9esses   
consi/5t ) subsection 7a74  7,b7        
,selection crit]ia ,inve/m5ts "u        

subp>agraph 7,a7 %all be select$ bas$ on
 _! te*nical m]it1 economic             
consid]ations1 & ability to support     
mod]nization goals ( ! ,dep>tm5t4  7#b7 
,use ( tru/$ capital s\rces ,pursuant to
 a public-private p>tn]%ip ent]$ into "u
 subsection 7b71 a p]son describ$ 9     
p>agraph 7#a77;,a7 %all1 9 ord] to      
support inve/m5t ( equity "u p>agraph   
7#a71 raise private capital only f tru/$
 capital s\rces4  7#c7 ,sole au?ority ,a
 p]son describ$ 9 p>agraph 7#a77;,a7    
%all h sole au?ority to raise funds =1  
op]ate1 manage1 & inve/ capital rais$ "u
 su* subp>agraph4  7#d7 ,loan gu>antee  
7,a7 ,9 g5]al ,! ,secret>y %all provide 
a loan gu>antee = up to #hj p]c5t ( !   
pr9cipal capital am\nt ( ! funds rais$  
"u p>agraph 7#b71 pursuant to !         
public-private p>tn]%ip ent]$ into "u   
subsection 7b71 ) inve/m5t ( equity t   
qualifies "u p>agraph 7#a7 & consi/5t ) 
! purposes set =? "u subsection 7a77#b74
  7,b7 ,subject to op]at+ agreem5t ,!   
loan gu>antee "u subp>agraph 7,a7 %all  

be subject to ! op]at+ agreem5t ent]$   
into "u subsection 7b77#c74  7,c7       
,limits ,obligations incurr$ by !       
,secret>y "u ?is p>agraph %all be       
subject to ! availability (             
appropriations4  7d7 ,brief+s  7#a7     
,implem5tation ,n lat] ?an "o ye> aft] !
 date ( ! enactm5t ( ?is section1 !     
,secret>y %all provide to !             
congressional def5se committees a brief+
 on ! implem5tation ( ?is section4  7#b7
 ,assessm5t ( outcomes & feasibility ,n 
lat] ?an five ye>s aft] ! date ( !      
enactm5t ( ?is section1 ! ,secret>y %all
 provide ! congressional def5se         
committees a brief+ on ! outcomes ( !   
pilot program & ! feasibility &         
advisability ( mak+ x p]man5t4  7e7     
,def9itions ,9 ?is section3 7#a7 ,! t]m 
congressional def5se committees has !   
mean+ giv5 ! t]m 9 section #aja7;a77#af7
 ( title #aj1 ,unit$ ,/ates ,code4  7#b7
 ,! t]m dome/ic bus9ess has ! mean+ giv5
 ! t]m ,u4,s4 bus9ess 9 section #hjj4beb
 ( title #ca1 ,code ( ,f$]al            

,regulations1 or successor regulation4  
7#c7 ,! t]m dome/ic small bus9esses or  
nontraditional bus9esses means-- 7,a7 a 
small bus9esses t is a dome/ic bus9ess2 
or  7,b7 a nontraditional bus9ess t is a
 dome/ic bus9ess4  7#d7 ,! t]m free f   
=eign ov]sight1 control1 influ5ce1 or   
b5eficial own]%ip1 ) respect to a p]son1
 means a p]son :o has n rais$ & manag$  
capital f a p]son or entity t is n tru/$
 & is o!rwise free f =eign ov]sight1    
control1 influ5ce1 or b5eficial own]%ip4
  7#e7 ,! t]m indep5d5t1 ) respect to a 
p]son1 means a p]son :o lacks a conflict
 ( int]e/ accompli%$ by n hav+ entity or
 manag] affiliation or own]%ip ) an     
exi/+ fund4  7#f7 ,! t]m nontraditional 
bus9ess has ! mean+ giv5 ! t]m          
nontraditional def5se contractors 9     
section #cjad ( title #aj1 ,unit$ ,/ates
 ,code4  7#g7 ,! t]m small bus9ess has !
 mean+ giv5 ! t]m small bus9ess conc]n 9
 section #c ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fcb74