HR 8030
To amend the Defense Production Act of 1950 to limit eligibility for assistance, increase monetary penalties, establish fraud risk management processes, and for other purposes
Progress
Timeline
- Mar 20Referred to the House Committee on Financial Services.
Summary
**What it does:** This bill proposes changes to the Defense Production Act of 1950, which gives the federal government special powers to direct private industry during national emergencies or for national defense needs. **Key changes include:** - Restricting who can receive government assistance under the Act - Increasing financial penalties for violations - Creating new systems to detect and prevent fraud - Adding other oversight measures **Who it affects:** - Companies that receive government contracts or assistance under the Defense Production Act - Federal agencies that administer these programs - Taxpayers (through improved fraud prevention) **What would change:** The government would have stricter rules about which businesses qualify for assistance, stronger tools to punish wrongdoing, and better systems to catch fraud before it happens. This aims to protect taxpayer money and ensure defense-related assistance goes to appropriate recipients. The bill is currently under review in congressional committee.
How This Affects You
Related Bills
HJRES 153
To direct the removal of United States Armed Forces from hostilities within or against the Republic of Cuba that have not been authorized by Congress
HR 8044
To improve the provision of services from the Department of Veterans Affairs to incarcerated veterans, and for other purposes
HR 8036
To amend the Export Control Reform Act of 2018 to permit the Secretary of State, Defense, or Energy to submit proposed rules to the Export Administration Review Board, to require the Secretary of State to evaluate the military civil fusion strategy of the People's Republic of China, and for other purposes
HR 8038
To enhance private-sector outreach in support of the Defense Production Act of 1950, and for other purposes
HR 8056
To expand credentialed, personalized financial and housing counseling to members of the Armed Forces serving on active duty or transitioning from service, and for other purposes
Get personalized insights on this bill
CivicRadar tells you exactly how government actions affect your life based on your location, interests, and profession.