Bill Overview
Title: Investing in American Defense Technologies Act of 2022
Description: This bill requires the Department of Defense (DOD) to implement a five-year pilot program to accelerate the development of advanced technology for national security by creating incentives for trusted private capital to invest in domestic small businesses or nontraditional businesses that are developing technology that DOD considers necessary to support the modernization of DOD and national security priorities. DOD must brief Congress on the implementation and outcomes of the pilot program.
Sponsors: Sen. Rosen, Jacky [D-NV]
Target Audience
Population: Individuals involved in or impacted by defense technology and national security
Estimated Size: 8000000
- The bill focuses on domestic small businesses and nontraditional businesses involved in technology sectors crucial for national security.
- The Department of Defense will be implementing this program, suggesting involvement of government employees, specifically those working in DOD.
- This bill will likely increase opportunities for investors interested in defense technology sectors, especially U.S.-based investors.
- The technology developed may eventually be integrated into broader military applications, impacting service members who utilize these technologies.
Reasoning
- This policy is designed to support domestic small and nontraditional businesses which align with DoD's modernization priorities. Thus, people directly involved in such businesses and DoD initiatives will experience potential benefits.
- Investors focused on technologies critical for national security may find increased incentives and opportunities as the policy encourages investment in relevant sectors.
- Service members and DoD employees might indirectly benefit as advanced technologies improve national security capabilities.
- The budget constraints require distributing the benefits among a potentially large population, limiting the extent to which each entity can be impacted immediately.
- Some people in roles less directly connected to defense technologies might experience little to no immediate impact.
Simulated Interviews
Owner of a small tech company (Seattle, WA)
Age: 45 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 3/20
Statement of Opinion:
- This policy could be a great opportunity for my company.
- Our past experience with military contracts could give us an edge.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 8 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 9 | 6 |
| Year 10 | 8 | 5 |
| Year 20 | 7 | 5 |
DoD employee (Austin, TX)
Age: 38 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 6/20
Statement of Opinion:
- This policy will increase my workload, but it's exciting work.
- It's a step forward in modernizing our defenses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Military officer (San Diego, CA)
Age: 54 | Gender: male
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 7/20
Statement of Opinion:
- Advanced technology will enhance our operational capabilities.
- My role might change as a result of these new technologies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 8 | 6 |
| Year 20 | 6 | 5 |
Venture capitalist (Boston, MA)
Age: 30 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- This creates new opportunities for investment and growth in our portfolio.
- The defense tech sector could see significant changes.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 9 | 8 |
| Year 2 | 9 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 9 | 7 |
| Year 10 | 10 | 7 |
| Year 20 | 9 | 7 |
Software developer (Denver, CO)
Age: 27 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 4/20
Statement of Opinion:
- The policy might lead to more funding and projects for us.
- I'd love to work on projects with real-world impact.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 7 | 6 |
Defense technology consultant (Phoenix, AZ)
Age: 50 | Gender: male
Wellbeing Before Policy: 7
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- The policy will increase demand for my expertise.
- Companies will need guidance navigating DoD's priorities.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 9 | 7 |
| Year 10 | 9 | 7 |
| Year 20 | 8 | 6 |
Investor Relations Specialist (Chicago, IL)
Age: 40 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 5.0 years
Commonness: 8/20
Statement of Opinion:
- This policy is likely to drive new partnerships and investments.
- It aligns with the strategic interests of many tech companies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 7 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 5 |
Retired military personnel (Dallas, TX)
Age: 62 | Gender: male
Wellbeing Before Policy: 5
Duration of Impact: 0.0 years
Commonness: 10/20
Statement of Opinion:
- This policy may benefit the country's security but won't affect me directly.
- It's important to invest in future security technologies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 5 |
| Year 2 | 5 | 5 |
| Year 3 | 5 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Defense contractor project manager (New York, NY)
Age: 29 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 7/20
Statement of Opinion:
- I expect more projects and opportunities from this policy.
- It's a chance to work on cutting-edge tech.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 8 | 7 |
| Year 3 | 8 | 7 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 5 |
Environmental engineer (San Francisco, CA)
Age: 35 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 0.0 years
Commonness: 12/20
Statement of Opinion:
- While this policy sounds important, it doesn't impact my work at all.
- I'm more focused on environmental issues.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 6 |
| Year 2 | 6 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Cost Estimates
Year 1: $100000000 (Low: $75000000, High: $125000000)
Year 2: $120000000 (Low: $90000000, High: $140000000)
Year 3: $140000000 (Low: $110000000, High: $160000000)
Year 5: $180000000 (Low: $150000000, High: $210000000)
Year 10: $210000000 (Low: $180000000, High: $240000000)
Year 100: $210000000 (Low: $180000000, High: $240000000)
Key Considerations
- The scalability of successful projects beyond the pilot program.
- Ensuring proper oversight and accountability for the use of private capital in sensitive defense technology sectors.
- The potential for developed technologies to provide strategic advantages to national security.
- Balancing technological innovation with cybersecurity and national security concerns.