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Introduced February 25, 2026 by Warren Davidson · Last progress February 25, 2026
Modernizes and reorganizes the Defense Production Act (DPA) to update authorities, decisionmaking, and administration for national defense and public-health supply needs. It moves many presidential authorities to committee officials and fund managers, creates new reporting, hiring, and simulation requirements for agencies with DPA authority, adds a Critical Minerals Resilience Initiative and procurement/permitting waiver powers for critical technologies/minerals, and limits the use of market-control powers to one year (with a single 180-day non-delegable extension requiring a report to Congress). The bill also shifts administration of the Defense Production Act Fund toward Treasury roles and an Executive Director, tightens rules on government equity investments and eligibility (ownership caps and conflict-of-interest disqualifications), requires a GAO study on long-lead items and stockpiling, and contains extensive conforming, renumbering, and technical updates to statutory cross-references.
The bill bolsters domestic production, emergency responsiveness, and government coordination through new authorities, funding, and transparency measures while increasing taxpayer exposure, concentrating executive power, limiting some legal safeguards, and raising administrative and eligibility burdens for businesses.
Millions of Americans benefit from stronger domestic production and faster project delivery because the bill authorizes loans, guarantees, equity investments, procurement and permitting waivers, and other tools to expand U.S. production of critical minerals, defense-related technologies, and related manufacturing.
Federal, state, and local governments and taxpayers gain greater oversight and situational awareness because the bill requires reports and tabletop simulations, clarifies chain-of-authority, and creates a real-time DPA dashboard for Committee members.
Federal coordination and implementation capacity is increased because the bill centralizes Fund administration (Treasury), establishes Fund manager/Executive Director roles, and provides multi-year funding to support those operations.
Taxpayers face materially higher fiscal risk because the government expands authority to make equity investments, loans, and guarantees (with some unclear dollar authorizations) and may incur near-term costs from expanded stockpiling or accelerated procurement.
Federal, state, and local preparedness could be undermined during prolonged or atypical crises because the bill limits civilian-market distribution controls to one year plus a single 180‑day presidential extension, narrows permissible triggers, and makes the extension approval non-delegable.
Decision-making power is concentrated and political accountability may be reduced because the bill centralizes authorities in White House roles and shifts some operational decisions to Fund managers or committees rather than elected officials.