Accurate Industrial Policy Budgeting Act of 2024

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9664 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9664

To require the Secretary of Defense to include maximum production rates 
 for procurement of goods in budget materials, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 2024

  Ms. Porter introduced the following bill; which was referred to the 
                      Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of Defense to include maximum production rates 
 for procurement of goods in budget materials, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Accurate Industrial Policy Budgeting 
Act of 2024''.

SEC. 2. INCLUSION OF MAXIMUM PRODUCTION RATES FOR GOODS IN BUDGET 
              MATERIALS.

    (a) In General.--The Secretary of Defense, in consultation with the 
relevant service acquisition executive (as defined in section 101 of 
title 10, United States Code), shall include in the budget materials 
submitted to Congress in support of the annual budget request of the 
President (submitted to Congress pursuant to section 1105 of title 31, 
United States Code) for each fiscal year, or in any similar budget 
materials made available to the public, the maximum production rate for 
any contract for the procurement of goods of the Department that is 
achievable at a per-unit cost not to exceed the per-unit cost for such 
good in the budget request of the President, along with an attestation 
to the accuracy with respect to each such contract.
    (b) Deadlines.--The information described in subsection (a) shall 
be included in the budget materials as follows:
            (1) For covered programs, in the budget request of the 
        President for fiscal year 2025.
            (2) For programs other than covered programs, in the budget 
        request of the President for fiscal year 2026.
    (c) Waiver.--Upon request by a service acquisition executive of a 
military department, the Secretary of Defense may exclude information 
required under subsection (a) from the budget materials if the service 
acquisition executive submits a written statement that such information 
is classified to the Secretary of Defense and the Under Secretary of 
Defense for Acquisition and Sustainment.
    (d) Covered Program Defined.--In this section, the term ``covered 
program'' means--
            (1) a major defense acquisition program (as defined in 
        section 4201 of title 10, United States Code); or
            (2) a program with an expected total expenditure--
                    (A) for research, development, technology, and 
                engineering, greater than $200,000,000; or
                    (B) for procurement, greater than $920,000,000.
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