S. 2194

119 S2194 IS: Intelligence Community Technology Bridge Act of 2025
 U.S. Senate
 2025-06-26
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 II  119th CONGRESS  1st Session  S. 2194  IN THE SENATE OF THE UNITED STATES   June 26 (legislative day, June 24), 2025   Mr. Cornyn  (for himself,  Mr. Warner ,  Mr. Kelly , and  Mr. Lankford ) introduced the following bill; which was read twice and referred to the  Select Committee on Intelligence    A BILL
To establish the Intelligence Community Technology Bridge Fund, and for other purposes.
1.
Short title
This Act may be cited as the   Intelligence Community Technology Bridge Act of 2025  .
2.
Intelligence Community Technology Bridge Fund
(a)
Definitions
In this section:
(1)
Congressional intelligence committees
The term  congressional intelligence committees  has the meaning given such term in section 3 of the National Security Act of 1947 ( 50 U.S.C. 3003 ).
(2)
Intelligence community
The term  intelligence community  has the meaning given such term in such section.
(3)
Nonprofit organization
The term  nonprofit organization  means an organization that is described in  section 501(c)(3)  of the Internal Revenue Code of 1986 and that is exempt from tax under section 501(a) of such Code.
(b)
Establishment of fund
There is established in the Treasury of the United States a fund to be known as the  Intelligence Community Technology Bridge Fund  (in this subsection referred to as the  Fund ) to assist in the transitioning of products or services from the research and development phase to the prototype or production phase.
(c)
Contents of Fund
The Fund shall consist of amounts appropriated to the Fund, and amounts in the Fund shall remain available until expended.
(d)
Availability and use of Fund
(1)
In general
Subject to paragraph (3), amounts in the Fund shall be available to the Director of National Intelligence to make available to the heads of the elements of the intelligence community to provide assistance to a business or nonprofit organization that is transitioning a product or service to the prototype or production phase as a means of advancing government acquisitions of the product or service.
(2)
Types of assistance
Assistance provided under paragraph (1) may be distributed as funds in the form of a grant, a payment for a product or service, or a payment for equity.
(3)
Requirements for funds
Assistance may be provided under paragraph (1) to a business or nonprofit organization that is transitioning a product or service only if—
(A)
the business or nonprofit organization is under contract, agreement, or other engagement with an element of the intelligence community for research and development; and
(B)
the Director of National Intelligence or the head of an element of the intelligence community attests that the product or service will be utilized by an element of the intelligence community for a mission need, such as because it would be valuable in addressing a needed capability, fill or complement a technology gap, or increase the supplier base or price-competitiveness for the Federal Government.
(4)
Priority for small business concerns and nontraditional contractors
In providing assistance under paragraph (1), the Director shall limit the provision of assistance to small business concerns (as defined under section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) )) and nontraditional defense contractors (as defined in section 3014 of title 10, United States Code).
(e)
Administration of Fund
(1)
In general
The Fund shall be administered by the Director of National Intelligence.
(2)
Consultation
In administering the Fund, the Director—
(A)
shall consult with the heads of the elements of the intelligence community; and
(B)
may consult with the Defense Advanced Research Projects Agency, Intelligence Advanced Research Projects Activity, National Laboratories intelligence community laboratories, the North Atlantic Treaty Organization Investment Fund, the Defense Innovation Unit, and such other entities as the Director deems appropriate.
(f)
Annual reports
(1)
In general
Not later than September 30, 2026, and each fiscal year thereafter, the Director shall submit to the congressional intelligence committees a report on the Fund.
(2)
Contents
Each report submitted pursuant to paragraph (1) shall include, for the period covered by the report, information about the following:
(A)
How much was expended or obligated using amounts from the Fund.
(B)
For what the amounts were expended or obligated.
(C)
The effects of such expenditures and obligations.
(D)
A summary of annual transition activities and outcomes of such activities for the intelligence community.
(g)
Authorization of appropriations
(1)
In general
Subject to paragraph (2), there is authorized to be appropriated to the Fund $75,000,000 for fiscal year 2026 and for each fiscal year thereafter.
(2)
Limitation
The amount in the Fund shall not exceed $75,000,000 at any time.