CONDITIONS ON FUNDING OF DEFENSE TECHNOLOGY reinvestment projects.

SEC. 1116. CONDITIONS ON FUNDING OF DEFENSE TECHNOLOGY reinvestment projects. (a) Benefits to United States Economy.— In providing for the establishment or financial support of partnerships and other cooperative arrangements under chapter 148 of title 10, United States Code (using funds made available under section 1111(a)), the Secretary of Defense shall ensure that the principal economic benefits of, and to the extent practicable, the job creation resulting from, such partnerships and arrangements accrue to the economy of the United States. (b) Use of Competitive Selection Procedures.— Funds made available under subsection (a) of section 1111 for the defense technology reinvestment programs described in subsection (b) of such section, and funds made available under subsection (b) of section 1112 for the program described in subsection (a) of such section, shall only be provided to projects selected using competitive procedures pursuant to a solicitation incorporating cost-sharing requirements for the non-Federal Government participants in the projects.