DEPUTY ASSISTANT SECRETARY OF DEFENSE FOR MANUFACTURING AND INDUSTRIAL BASE POLICY; INDUSTRIAL BASE FUND.

SEC. 896. DEPUTY ASSISTANT SECRETARY OF DEFENSE FOR MANUFACTURING AND INDUSTRIAL BASE POLICY; INDUSTRIAL BASE FUND.(a) Deputy Assistant Secretary of Defense.—Chapter 7 of title 10, United States Code, is amended by inserting after section 139d the following new section:“§ 139e. Deputy Assistant Secretary of Defense for Manufacturing and Industrial Base Policy“(a) Appointment.—There is a Deputy Assistant Secretary of Defense for Manufacturing and Industrial Base Policy, who shall be appointed by the Under Secretary of Defense for Acquisition, Technology, and Logistics and shall report to the Under Secretary.“(b) Responsibilities.—The Deputy Assistant Secretary of Defense for Manufacturing and Industrial Base Policy shall be the principal advisor to the Under Secretary of Defense for Acquisition, Technology, and Logistics in the performance of the Under Secretary’s duties relating to the following:“(1) Providing input on industrial base matters to strategy reviews, including quadrennial defense reviews conducted pursuant to section 118 of this title.“(2) Establishing policies of the Department of Defense for maintenance of the defense industrial base of the United States.“(3) Providing recommendations to the Under Secretary on budget matters pertaining to the industrial base.“(4) Providing recommendations to the Under Secretary on supply chain management and supply chain vulnerability.“(5) Providing input on industrial base matters to defense acquisition policy guidance.124 STAT. 4315“(6) Establishing the national security objectives concerning the national technology and industrial base required under section 2501 of this title.“(7) Executing the national defense program for analysis of the national technology and industrial base required under section 2503 of this title.“(8) Performing the national technology and industrial base periodic defense capability assessments required under section 2505 of this title.“(9) Establishing the technology and industrial base policy guidance required under section 2506 of this title.“(10) Executing the authorities of the Manufacturing Technology Program under section 2521 of this title.“(11) Carrying out the activities of the Department of Defense relating to the Defense Production Act Committee established under section 722 of the Defense Production Act of 1950 (50 U.S.C. App. 2171).“(12) Consistent with section 2(b) of the Defense Production Act of 1950 (50 U.S.C. App. 2062(b)), executing other applicable authorities provided under the Defense Production Act of 1950 (50 U.S.C. App. 2061 et seq.), including authorities under titles I and II of such Act.“(13) Establishing policies related to international technology security and export control issues.“(14) Establishing policies related to industrial independent research and development programs under section 2372 of this title.“(15) Such other duties as are assigned by the Under Secretary.“(c) Rule of Construction.—Nothing in subsection (b)(9) may be construed to limit the authority or modify the policies of the Committee on Foreign Investment in the United States established under section 721(k) of the Defense Production Act of 1950 (50 U.S.C. App. 2170(k)).” .(b) Industrial Base Fund.—(1) In general.—Chapter 148 of title 10, United States Code, is amended by adding at the end the following new section:“§ 2508. Industrial Base Fund“(a) Establishment.—The Secretary of Defense shall establish an Industrial Base Fund (in this section referred to as the ‘Fund’).“(b) Control of Fund.—The Fund shall be under the control of the Under Secretary of Defense for Acquisition, Technology, and Logistics, acting through the Deputy Assistant Secretary of Defense for Manufacturing and Industrial Base Policy.“(c) Amounts in Fund.—The Fund shall consist of amounts appropriated or otherwise made available to the Fund.“(d) Use of Fund.—Subject to subsection (e), the Fund shall be used—“(1) to support the monitoring and assessment of the industrial base required by this chapter;“(2) to address critical issues in the industrial base relating to urgent operational needs;“(3) to support efforts to expand the industrial base; and“(4) to address supply chain vulnerabilities.124 STAT. 4316“(e) Use of Fund Subject to Appropriations.—The authority of the Secretary of Defense to use the Fund under this section in any fiscal year is subject to the availability of appropriations for that purpose.“(f) Expenditures.—The Secretary shall establish procedures for expending monies in the Fund in support of the uses identified in subsection (d), including the following:“(1) Direct obligations from the Fund.“(2) Transfers of monies from the Fund to relevant appropriations of the Department of Defense.” .(2) Clerical amendment.—The table of sections at the beginning of such chapter is amended by adding at the end the following new item: “2508. Industrial Base Fund.”.