Modernizes and reauthorizes the Defense Production Act of 1950 by revising presidential priority and allocation powers, expanding loan, purchase, and subsidy authority for critical minerals and technologies, creating a National Defense Executive Reserve, and reorganizing the Act's titles and committee structure.

• Raises the penalty and reporting thresholds in several sections from $10,000 to $100,000 and raises the loan guarantee ceiling from $50,000,000 to $100,000,000, with the Fund manager of the Defense Production Act Fund taking over many decisions previously made by the President.
• Creates a Critical Minerals Resilience Initiative and a National Defense Executive Reserve staffed by private experts, and requires agencies including Commerce, Defense, and Homeland Security to establish Reserve units.
• Restructures the interagency Defense Production Act Committee, places the Director of the Office of Management and Budget as its Executive Director, and requires annual reports, a fraud risk framework, and a public dashboard.
• Bars use of the Act's authorities to obtain sensitive personally identifiable information, limits eligibility for assistance to entities in which covered officials hold a significant interest, and authorizes $5,000,000 per fiscal year for 2026 through 2031 for the Committee and Fund manager.

• Financial Services Committee (House)

Government Operations and Politics