H.R. 10185 authorizes the Secretary of Defense to contribute up to $200 million to the NATO Innovation Fund over a ten-year period following the enactment of the fiscal year 2025 National Defense Authorization Act. The NATO Innovation Fund is a venture capital investment fund jointly managed by NATO member nations that focuses on dual-use technologies with both military and commercial applications. This legislation affects the Department of Defense and U.S. participation in NATO collaborative innovation efforts. The bill does not appropriate specific funding but rather grants the authority to use authorized defense funds for contributions to this multilateral innovation initiative. By supporting this fund, the U.S. aims to promote technological advancement among NATO allies while sharing investment risk across member nations.
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