WASHIGTON, D.C. – On Thursday, May 15, 2023, Representatives Rob Wittman (VA-01), Chrissy Houlahan (PA-06), and Pat Fallon (TX-04) reintroduced the Investing in American Defense Technologies Act. This bill would establish a federal public-private partnership to scale, support, and invest in American defense-centric small businesses producing advanced capabilities, including hypersonics, space, and autonomous systems. A companion bill was introduced in the U.S. Senate by Senators Jacky Rosen (D-NV) and Marsha Blackburn (R-TN). This bipartisan, bicameral legislation will help fuel cutting-edge defense technology production and make the United States safer and more competitive.
“In order to remain competitive against our adversaries, the United States must be ahead of the curve on defense technology innovation. I am proud to join my colleagues in introducing this important piece of legislation to promote the level of growth and innovation necessary for ensuring advanced defense technologies are adopted by the U.S. military at the pace of relevance,” said Rep.Wittman.
“America’s national security capabilities risk falling behind due to the Department of Defense (DoD)’s challenges in collaborating with private security companies. This bipartisan and bicameral legislation aims to solve this problem by creating the Advanced Technology Investment Incentive Program which incentivizes private defense companies to work with the DoD,” said Houlahan. “This program also accelerates growth and supports the many small defense businesses across our country — many of which are located at home in Chester County.
“America’s proud tradition of innovation is key if we are to counter the rising threats to our national security. Therefore, I am proud to once again support the introduction of the Investing in American Defense Technologies Act,” said Fallon. “This bipartisan, bicameral legislation is necessary towards fueling investment and innovation across the country to develop dynamic, advanced defense technologies.”
“When it comes to maintaining the United States’ edge in advanced defense capabilities, we cannot afford to fall behind China,” said Rosen. “I’m introducing this bipartisan bill to bolster our competitiveness by establishing a public-private partnership to enable American defense-focused small businesses to succeed and scale their advanced technology innovations.”
“This bipartisan legislation will improve the acquisition of cutting-edge technology for national defense and security,” said Blackburn. “It encourages private capital to invest in small businesses that have traditionally been unable to be a part of producing equipment for our country’s armed forces.”
