{"id":5317,"date":"2022-07-22T17:18:00","date_gmt":"2022-07-22T17:18:00","guid":{"rendered":"https:\/\/rosen-testing.senate.gov\/?p=5317"},"modified":"2022-08-10T17:20:02","modified_gmt":"2022-08-10T17:20:02","slug":"rosen-blackburn-houlahan-fallon-introduce-bipartisan-bicameral-legislation-to-incentivize-investment-in-defense-focused-small-businesses","status":"publish","type":"post","link":"https:\/\/www.rosen.senate.gov\/es\/2022\/07\/22\/rosen-blackburn-houlahan-fallon-introduce-bipartisan-bicameral-legislation-to-incentivize-investment-in-defense-focused-small-businesses\/","title":{"rendered":"Rosen, Blackburn, Houlahan, Fallon presentan legislaci\u00f3n bipartidista y bicameral para incentivar la inversi\u00f3n en peque\u00f1as empresas centradas en la defensa"},"content":{"rendered":"<p><em>Legislation Would Help Small, Defense-Focused Businesses Achieve Long-Term and Scalable Innovation to Enhance National Security<\/em><\/p>\n\n\n\n<p><strong>WASHINGTON DC<\/strong> \u2013 U.S. Senators Jacky Rosen (D-NV) and Marsha Blackburn (R-TN) and U.S. Representatives Chrissy Houlahan (PA-06) and Pat Fallon (TX-04) announced today that they have introduced the <em>Investing in American Defense Technologies Act<\/em>, which would establish a federal public-private partnership to invest in defense-centric small businesses. This bipartisan, bicameral legislation would create a new Department of Defense public-private partnership program to fuel investment in innovative small businesses developing advanced defense technologies critical to our national security. Senators Rosen and Blackburn are members of the Senate Armed Services Committee, and Representatives Houlahan and Fallon are members of the House Armed Services Committee.<\/p>\n\n\n\n<p>\u201cTo stay ahead of our adversaries, it\u2019s critical that the United States maintains its technological competitive edge by investing in our defense-focused small businesses,\u201d<strong> dijo el Senador Rosen.<\/strong> \u201cThat\u2019s why I\u2019m introducing this bipartisan, bicameral legislation to leverage our nation\u2019s entrepreneurial and innovative spirit to accelerate the adoption of advanced defense technologies.\u201d<\/p>\n\n\n\n<p>\u201cAmerica is home to the world\u2019s best innovators. Their groundbreaking technology gives our troops the tools they need to fight and win,\u201d <strong>said Senator Blackburn. <\/strong>\u201cThis legislation will establish new enabling tools for the public-private defense partnerships necessary for the United States to counter ongoing threats posed by the new Axis of Evil.\u201d&nbsp;<\/p>\n\n\n\n<p>\u201cSmall business involvement in the defense industrial base has shrunk by over 40% in the last decade; this is a problem we need to address to ensure our forces remain agile and competitive,\u201d <strong>said Congresswoman Houlahan. <\/strong>\u201cDoD agrees on the need to reduce barriers to new entrants into the defense industry, and I am encouraged by their efforts. However, I believe we need several pathways to accelerate the adoption of the critical technologies these companies provide. The challenge these small businesses and non-traditional defense contractors face is funding \u2013 how do they scale their capabilities and turn them into DoD programs? DoD simply does not move quickly enough, causing these small businesses to run out of capital.&nbsp; Without private capital investment, small businesses hoping to bring their technology to our war fighters face real financial challenges. That is why I am proud to work with Senator Rosen to provide a bipartisan and bicameral solution to address this issue. I also was proud to offer the SBIR\/STTR two-year extension for inclusion into the National Defense Authorization Act for Fiscal Year 2023, which is another vital program to encourage technological innovation within the defense industrial base. Small businesses are the heart of America. We need to think creatively to ensure the innovative solutions they offer can be adopted to address our nations\u2019 greatest challenges.\u201d<\/p>\n\n\n\n<p>\u201cThe public-private partnership set up by the Investing in American Defense Technologies Act will help the Department of Defense innovate at levels never seen before,\u201d <strong>said Congressman Fallon. <\/strong>\u201cProviding this incentive will leverage new technologies from businesses that have traditionally been excluded from the process. I\u2019m proud to join my fellow Armed Services Committee colleague Representative Houlahan, and Senate companions, Senators Rosen and Blackburn, in this effort.\u201d&nbsp;<\/p>\n\n\n\n<p>There is currently a lack of available private capital supporting defense-focused small businesses, stunting growth and innovation in the field. The number of small businesses in the defense industrial base has shrunk by over 40% in the past decade. At the same time, defense-focused small businesses face the \u201cValley of Death,\u201d the point when cutting-edge technologies die due to lack of funding before they can win a contract to produce software or equipment at scale. This legislation would accelerate the development, transition, and acquisition of advanced technology for national security by creating incentives for trusted private capital to invest in U.S. small businesses.<\/p>\n\n\n\n<p>###<\/p>","protected":false},"excerpt":{"rendered":"<p>Legislation Would Help Small, Defense-Focused Businesses Achieve Long-Term and Scalable Innovation to Enhance National Security WASHINGTON, DC \u2013 U.S. Senators Jacky Rosen (D-NV) and Marsha Blackburn (R-TN) and U.S. Representatives Chrissy Houlahan (PA-06) and Pat Fallon (TX-04) announced today that they have introduced the Investing in American Defense Technologies Act, which would establish a federal [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[27],"class_list":["post-5317","post","type-post","status-publish","format-standard","hentry","category-press_release","tag-national-security-armed-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - 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