To provide authority to contribute to the NATO Innovation Fund.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10185 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                               H. R. 10185

    To provide authority to contribute to the NATO Innovation Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 20, 2024

   Mr. Larsen of Washington (for himself and Mr. Kim of New Jersey) 
 introduced the following bill; which was referred to the Committee on 
                             Armed Services

_______________________________________________________________________

                                 A BILL


 
    To provide authority to contribute to the NATO Innovation Fund.

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

SECTION 1. AUTHORITY TO CONTRIBUTE TO INNOVATION FUND.

    Subchapter II of chapter 138 of title 10, United States Code, is 
amended by adding at the end the following new section:
``Sec. 2350s. Authority to contribute to innovation fund
    ``(a) Authority To Contribute to Nato Innovation Fund.--Within 
amounts authorized by law for such purpose during the 10-year period 
following the date of the enactment of the National Defense 
Authorization Act for Fiscal Year 2025, the Secretary of Defense may 
contribute to the NATO Innovation Fund a total amount of no more than 
$200,000,000.
    ``(b) Definitions.--In this section:
            ``(1) The term `NATO' means the North Atlantic Treaty 
        Organization.
            ``(2) The term `NATO Innovation Fund' means the multi-
        sovereign, investment venture capital fund of NATO that 
        provides secure investment in dual-use, high-impact 
        technology.''.
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