To provide authority to contribute to the NATO Innovation Fund.

Bill: 118-hr-10185
Sponsor: full_name: Rep. Larsen, Rick [D-WA-2]
Introduced: 2024-11-20
Policy area: Armed Forces and National Security
Latest action: action_date: 2024-11-20
text: Referred to the House Committee on Armed Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 10185 IN THE HOUSE OF REPRESENTATIVES November 20, 2024 Mr. Larsen of Washington (for himself and Mr. Kim of New Jersey ) introduced the following bill; which was referred to the Committee on Armed Services A BILL To provide authority to contribute to the NATO Innovation Fund.

1. Authority to contribute to innovation fund Subchapter II of chapter 138 of title 10, United States Code, is amended by adding at the end the following new section: 2350s. Authority to contribute to innovation fund (a) Authority To contribute to nato innovation fund Within amounts authorized by law for such purpose during the 10-year period following the date of the enactment of the National Defense Authorization Act for Fiscal Year 2025, the Secretary of Defense may contribute to the NATO Innovation Fund a total amount of no more than $200,000,000. (b) Definitions In this section: (1) The term NATO means the North Atlantic Treaty Organization. (2) The term NATO Innovation Fund means the multi-sovereign, investment venture capital fund of NATO that provides secure investment in dual-use, high-impact technology. .