119-s2194

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2194 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2194

To establish the Intelligence Community Technology Bridge Fund, and for 
 other purposes.

_______________________________________________________________________

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Intelligence Community Technology 
Bridge Act of 2025''.

SEC. 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.
 <all>