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119-hr-7688Introduced
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DPA Modernization Act of 2026

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Summary

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The DPA Modernization Act of 2026 modernizes and reauthorizes the Defense Production Act of 1950, a law that grants the President emergency powers to direct industrial production during national defense crises. The bill restructures the Act's governance by creating a Defense Production Act Committee and Fund manager to oversee loan guarantees, direct loans, and equity investments in critical industries. It expands the Act's applicability to natural disasters and public health emergencies (beyond defense), increases loan thresholds from $50 million to $100 million, and imposes new limits on government equity holdings (capped at 15 percent) and reporting requirements. The bill also adds a one-year limit on civilian market controls, with presidential authority to extend for up to 180 days with Congressional notification.

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Bill details

Congress
119
Bill type
hr
Introduced
February 25, 2026
Sponsor
Warren DavidsonROH
Cosponsors
4
Last action
April 15, 2026— Placed on the Union Calendar, Calendar No. 529.

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