S. 5555 — Introduced in Senate

II 118th CONGRESS 2d Session S. 5555 IN THE SENATE OF THE UNITED STATES December 17 (legislative day, December 16), 2024Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Armed Services A BILL To provide authority to use Defense Modernization Account funds for time-sensitive equipment modernization. 1. Authority to use Defense Modernization Account funds for time-sensitive equipment modernization (a) In general Section 3136(d) of title 10, United States Code, is amended by adding at the end the following new paragraphs: (5) For procuring and integrating available commercial technologies and services to satisfy a joint urgent operational need, joint emergent operational need, or a validated service requirement. (6) For providing infrastructure to support Department goals of accelerating the fielding and adoption of new capabilities. . (b) Limitation Paragraphs (5) and (6) of subsection (d) of section 3136 of title 10, United States Code, as added by subsection (a), shall apply only with respect to funds made available, and transferred to the Defense Modernization Account, on or after the date of the enactment of this Act.