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S. 4784IntroducedSenate · nowHousePresidentLawIn committee
Sec. 1056 · S. 4784

Approval authority for expenditures from Industrial Base Fund

Division A — Department of Defense authorizations › Title X — General Provisions › Subtitle F — Equity Investments and Related Matters

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Section 4817 of title 10, United States Code, as amended by section 1054 ROS26907, is further amended— (1) by redesignating subsections (l) through (n) as subsections (m) through (o), respectively; and (2) by inserting after subsection (k) the following new subsection (l): (l) Approval authority The Under Secretary of Defense for Acquisition and Sustainment shall be the authority to review and approve all expenditures from the Fund of less than $75,000,000..