,,ii  #aah? ,,congress  #a/ ,session    
,s4 #adfc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #d1 #bjbc,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      
def5se indu/rial base advanc$           
capabilities pilot program4  #a4 ,def5se
 indu/rial base advanc$ capabilities    
pilot program  7a7 ,e/abli%m5t  7#a7 ,9 
g5]al ,! ,"u ,secret>y ( ,def5se =      
,acquisition & ,su/a9m5t %all c>ry out a
 public-private p>tn]%ip pilot program  
to accel]ate ! scal+1 production1 &     
acquisition ( advanc$ capabilities =    
national security by creat+ inc5tives = 
inve/m5t 9 dome/ic small bus9esses or   
nontraditional bus9esses to create a    
robu/ & resili5t def5se indu/rial base4 
7#b7 ,goals ,! goals ( ! public-private 
p>tn]%ip pilot program are z foll[s3    
7,a7 ,to bol/] ! def5se indu/rial base  
?r\gh acquisition & deploym5t ( advanc$ 
capabilities necess>y to field ,dep>tm5t

 ( ,def5se mod]nization programs &      
priorities4  7,b7 ,to /r5g!n dome/ic    
def5se supply *a9 resili5ce & capacity  
by inve/+ 9 innovative def5se companies4
  7,c7 ,to lev]age private equity       
capital to accel]ate dome/ic def5se     
scal+1 production1 & manufactur+4  7b7  
,public-,private p>tn]%ips  7#a7 ,9     
g5]al ,9 c>ry+ out subsection 7a71 ! ,"u
 ,secret>y %all ent] into public-private
 p>tn]%ips1 consi/5t ) ! phas$          
implem5tation provid$ = 9 subsection    
7e71 ) =-pr(it p]sons us+ ! crit]ia set 
=? 9 p>agraph 7#b74  7#b7 ,crit]ia ,!   
crit]ia ref]r$ to 9 p>agraph 7#a7 %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 equity fund exp]i5ce 
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 ,! ,"u ,secret>y & a   
p]son or p]sons ) :om ! ,"u ,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 ( equity  7#a7 ,9 g5]al   
,pursuant to public-private p>tn]%ips   
ent]$ into "u subsection 7b71 a p]son or
 p]sons ) :om ! ,"u ,secret>y has ent]$ 
into a p>tn]%ip %all inve/ equity 9     
dome/ic small bus9esses or              
nontraditional bus9esses consi/5t )     
subsection 7a71 ) inve/m5ts select$ bas$
 on te*nical m]it1 economic value1 & !  
,dep>tm5t's mod]nization priorities4    
7#b7 ,au?orities ,a p]son or p]sons     
describ$ 9 p>agraph 7#a7 %all h sole    
au?ority to op]ate1 manage1 & inve/4    
7d7 ,loan gu>antee  7#a7 ,9 g5]al ,! ,"u
 ,secret>y %all provide an up to #hj    
p]c5t loan gu>antee1 pursuant to !      
public-private p>tn]%ips ent]$ into "u  

subsection 7b71 ) inve/m5t ( equity t   
qualifies "u subsection 7c7 & consi/5t )
 ! goals set =? "u subsection 7a77#b74  
7#b7 ,pilot program au?ority ,! tempor>y
 loan gu>antee au?ority describ$ "u     
p>agraph 7#a7 is exclusively = !        
public-private p>tn]%ips au?oriz$ "u ?is
 section & may n be utiliz$ = o!r       
programs or purposes4  7#c7 ,subject to 
op]at+ agreem5t ,! loan gu>antee "u     
p>agraph 7#a7 %all be subject to !      
op]at+ agreem5t ent]$ into "u subsection
 7b77#c74  7#d7 ,use ( funds            
,obligations incurr$ by ! ,"u ,secret>y 
"u ?is p>agraph %all be subject to !    
availability ( funds provid$ 9 advance  
specifically = ! purpose ( su* loan     
gu>antees4  7e7 ,phas$ implem5tation    
s*$ule & requir$ reports & brief+s ,!   
program e/abli%$ "u subsection 7a7 %all 
be c>ri$ out 9 two phases z foll[s3 7#a7
 ,phase #a  7,a7 ,9 g5]al ,phase #a %all
 consi/ ( an initial pilot program ) "o 
public-private p>tn]%ip1 consi/5t )     
subsection 7b71 to assess ! feasibility 

& advisability ( exp&+ ! scope ( !      
program4 ,! ,"u ,secret>y %all beg9     
implem5tation ( phase #a n lat] ?an #ahj
 days aft] ! date ( ! enactm5t ( ?is    
,act4  7,b7 ,implem5tation s*$ule &     
framework ,n lat] ?an #ij days aft] !   
date ( ! enactm5t ( ?is ,act1 !         
,secret>y %all submit an implem5tation  
plan to ! congressional def5se          
committees on ! design ( phase #a4 ,!   
plan %all include-- 7i7 an ov]view (1 & 
! activities und]tak51 to execute !     
public-private p>tn]%ip2  7ii7 a        
description ( ! advanc$ capabilities &  
def5se indu/rial base areas "u          
consid]ation = inve/m5t2 &  7iii7       
implem5tation mile/ones & metrics4  7,c7
 ,report & brief+ requir$ ,n lat] ?an   
#bg mon?s aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,secret>y %all provide to !    
congressional def5se committees a report
 & brief+ on ! implem5tation ( ?is      
section & ! feasibility & advisability (
 exp&+ ! scope ( ! pilot program4 ,!    
report & brief+ %all include1 at        

m9imum-- 7i7 an ov]view ( program       
p]=mance1 & implem5tation & execution   
mile/ones & outcomes2  7ii7 an ov]view (
 progress 9-- 7,i7 a*iev+ new products 9
 production align$ ) ,dep>tm5t ( ,def5se
 ne$s2  7,,ii7 scal+ bus9esses align$ to
 t>get$ indu/rial base & capability     
areas2  7,,iii7 g5]at+ def5se indu/rial 
base job gr[?2  7,,iv7 increas+ supply  
*a9 resili5ce & capacity2 &  7,v7       
enhanc+ competition on advanc$          
capability programs2 &  7iii7 an acc\nt+
 ( activities und]tak5 & outl9e ( !     
opportunities & b5efits ( exp&+ ! scope 
( ! pilot program4  7#b7 ,phase #b  7,a7
 ,9 g5]al ,n lat] ?an #cj mon?s aft] !  
date ( ! enactm5t ( ?is ,act1 !         
,secret>y may exp& ! scope ( ! phase #a 
pilot program ) ! ability to increase to
 n m ?an ?ree public-private p>tn]%ips1 
consi/5t ) subsection 7b74  7,b7 ,report
 & brief+ requir$ ,n lat] ?an five ye>s 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y %all provide to !             
congressional def5se committees a report

 & brief+ on ! outcomes ( ! pilot       
program "u subsection 7a71 includ+ !    
elem5ts describ$ 9 p>agraph 7#a77;,c71 &
 ! feasibility & advisability ( mak+ !  
program p]man5t4  7f7 ,t]m9ation ,!     
au?ority to ent] into an agreem5t to    
c>ry out ! pilot program "u subsection  
7a7 %all t]m9ate on ! date t is five    
ye>s aft] ! date ( ! enactm5t ( ?is     
,act4  7g7 ,def9itions ,9 ?is section3  
7#a7 ,congressional def5se committees ,!
 t]m congressional def5se committees has
 ! mean+ giv5 ! t]m 9 section           
#aja7;a77#af7 ( title #aj1 ,unit$ ,/ates
 ,code4  7#b7 ,dome/ic bus9ess ,! 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 ,dome/ic 
small bus9esses or nontraditional       
bus9esses ,! t]m dome/ic small bus9esses
 or nontraditional bus9esses means--    
7,a7 a small bus9ess t is a dome/ic     
bus9ess2 or  7,b7 a nontraditional      
bus9ess t is a dome/ic bus9ess4  7#d7   

,free f =eign ov]sight1 control1        
influ5ce1 or b5eficial own]%ip ,! 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/$ & :o is o!rwise free
 f =eign ov]sight1 control1 influ5ce1 or
 b5eficial own]%ip4  7#e7 ,indep5d5t ,! 
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 ,nontraditional bus9ess ,! 
t]m nontraditional bus9ess has ! mean+  
giv5 ! t]m nontraditional def5se        
contractor 9 section #cjad ( title #aj1 
,unit$ ,/ates ,code4  7#g7 ,small       
bus9ess ,! 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