The bill, known as the "Investing in Our Defense Act of 2024," aims to expand the powers of the Office of Strategic Capital within the Department of Defense. It allows the Office to make minority equity investments, particularly in critical minerals, by amending existing laws. The bill also...
Simple Explanation
The bill wants to give the Department of Defense more power to invest in special minerals and important projects by allowing them to do things like owning a small part of companies and charging fees for helping with money, while also making it easier to hire people to get the job done.