Duty-free entry of supplies procured by Department of Defense

The text of section 874 is hereby deemed to read as follows: 874. Duty-free entry of supplies procured by Department of Defense The Secretary of Defense shall— (1) track the impact of economic fluctuations, include tariffs, supply chain disruptions and inflation, on all major prime contracts entered into by the Department of Defense; and (2) not later than January 30, 2026, submit to the congressional defense committees a report that includes— (A) an assessment of cost increases to both the Department and contractors as a result of tariffs imposed under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) and section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862); (B) an assessment of the effects of such tariffs on supply chains and lead times for major defense platforms; and (C) a summary of agreements entered into under section 4851 of title 10, United States Code, and an assessment of the application of those agreements to the defense supply chain..