Additional authorities for the Office of Strategic Capital

Section 149(e) of title 10, United States Code, is amended— (1) in paragraph (3)(A)(ii)(VI), by striking Secretary and inserting Director; (2) by amending clause (ii) of paragraph (5)(A) to read as follows: (ii) The Department of Defense Credit Program Account shall be credited with amounts appropriated pursuant to the authorization of appropriations and fees and payments received under paragraph (6).; (3) by redesignating paragraphs (6) through (9) as paragraphs (7) through (10), respectively; and (4) by inserting after paragraph (5) the following new paragraph: (6) (A) The Director may charge and collect fees and collect payments to reimburse costs incurred by the Office in connection with an application for, or as a condition of an eligible entity receiving or restructuring, capital assistance under this subsection. The Director may set the fees at a level that the Director considers appropriate. Fees and payments received under this paragraph shall be credited to the Department of Defense Credit Program Account to remain available until expended for costs and expenditures as provided under clauses (ii) through (iv) of paragraph (5)(B). (B) (i) Except as provided in clause (ii), no fees or payments may be received pursuant to the authority provided under subparagraph (A) as of the date specified in paragraph (11). (ii) With respect to loan and loan guarantees for which an obligation was incurred prior to the expiration date in paragraph (11), the Director may continue to charge and collect fees and cost reimbursements in connection with such loan and loan guarantee assets until fully collected..