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House subcommittee reviews Defense Production Act as reauthorization nears

3818980 · June 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The House Financial Services subcommittee convened experts and GAO to examine uses and limits of the Defense Production Act ahead of its scheduled expiration on Sept. 30, 2025, focusing on agency experience, funding levels, and options to modernize statutory authorities.

The House Committee on Financial Services’ Subcommittee on National Security, Illicit Finance, and International Institutions convened a hearing to evaluate the Defense Production Act and to inform its pending reauthorization before the law expires on Sept. 30, 2025.

The hearing centered on how agencies have used DPA authorities since the last reauthorization and on recommendations to improve execution, oversight and interagency coordination. William Russell, director of contracting and national security acquisitions at the Government Accountability Office, told the subcommittee that agencies have relied on the DPA across multiple emergencies and that Congress has provided substantial funding since 2018. "Since its last reauthorization in fiscal year 2018, Congress has appropriated at least 3,200,000,000.0 for DPA related activities," Russell said, and he described hundreds of millions…

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