HR4952-118

Introduced

To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes.

118th Congress Introduced Jul 26, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Defense.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H7D3BA1D3470543149A97F2EFE35C57E8: 1. Establishment of Office of Strategic Capital Chapter 4 of title 10, United States Code, is amended by adding at the end the following new section:...
  • Section HEF6E8A7310A6440E9F255AEC7368EA6D: 148. Office of Strategic Capital There is in the Office of the Secretary of Defense an office to be known as the Office of Strategic Capital (in this section...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Defense

Primary Purpose

This bill, To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Defense

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
financial institutions, investors, and borrowers: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jul 26, 2023

Mr. Wittman (for himself, Mr. Khanna, and Mr. Mills) introduced …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Government Operations Defense
Actor Mappings
"the_commission"
→ The commission identified in the operative section
"secretary_of_defense"
→ Secretary of Defense

Key Definitions

Terms defined in this bill

2 terms
"subsidy amount" §H7D3BA1D3470543149A97F2EFE35C57E8

the amount of budget authority sufficient to cover the estimated long-term cost to the Federal Government of a loan— calculated on a net present value basis

"subsidy amount" §HEF6E8A7310A6440E9F255AEC7368EA6D

the amount of budget authority sufficient to cover the estimated long-term cost to the Federal Government of a loan— calculated on a net present value basis

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology