WASHINGTON, DC – Today, the U.S. Chamber of Commerce announced their support for U.S. Senators Jacky Rosen (D-NV) and Marsha Blackburn’s (R-TN) bipartisan Investing in American Defense Technologies Act, which is included in the Senate version of the National Defense Authorization Act (NDAA) for Fiscal Year 2023. This legislation, which the Chamber recognized as one of their top priorities in the NDAA, would create a new Department of Defense public-private partnership program to fuel investment in innovative small businesses developing advanced defense technologies critical to our national security.
“My bipartisan Investing in American Defense Technologies Act will ensure the United States maintains its technological competitive edge by investing in our nation’s defense-focused small businesses,” said Senator Rosen. “By supporting this legislation, the Chamber of Commerce is recognizing the importance of investment in innovative defense small businesses. I will continue working with my colleagues to make sure it remains in the final version of this year’s national defense bill.”
“America is home to the world’s best innovators. Their groundbreaking technology gives our troops the tools they need to fight and win,” said Senator Blackburn. “This legislation will establish new enabling tools for the public-private defense partnerships necessary for the United States to counter ongoing threats posed by the new Axis of Evil.”
“The U.S. Chamber of Commerce supports the bipartisan and bicameral Investing in American Defense Technologies Act of 2022, a version of which is included in the Senate Armed Services Committee-passed National Defense Authorization Act for Fiscal Year 2023 (the Public-Private Partnership Technology Investment Program) and a version of which is included in the House Armed Services Committee-passed National Defense Authorization Act for Fiscal Year 2023 (the Department of Defense Advanced Technology Investment Incentive Pilot Program),” wrote the U.S. Chamber of Commerce to Members of Congress. “This public-private partnership program would incentivize investment in innovative U.S. small businesses and startups developing advanced technologies critical to our national security, leveraging America’s entrepreneurial and innovative spirit to counter ongoing threats.”
The Investing in American Defense Technologies Act would establish a federal public-private partnership to invest in defense-centric small businesses by creating a new Department of Defense public-private partnership program to fuel investment in innovative small businesses developing advanced defense technologies critical to our national security. Senators Rosen and Blackburn are members of the Senate Armed Services Committee.
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