Companies lobby Congress to approve $1 billion ‘hedge portfolio’ ...Middle East

WASHINGTON — A group of companies led by a Silicon Valley advocacy group is urging congressional appropriators to approve a House proposal to establish a $1 billion hedge portfolio aimed at quickly fielding commercial technology. In an Oct. 24 letter, drafted on behalf of 63 companies, the Silicon Valley Defense Group calls on lawmakers to fully fund the provision, which was proposed by the House Appropriations Committee’s defense subcommittee. “We believe the enactment of these provisions, coupled with the robust funding proposed by the House bill, will lead to greater coordination across the department and serve as a powerful demand signal to commercial and non-traditional companies to w

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Last updated : 24 October 2023 clock 04:33 PM

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Companies lobby Congress to approve $1 billion ‘hedge portfolio’ ...Middle East

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