A Senate defense panel aims to place guardrails on direct equity investments, create an oversight board, and require briefings.
Defense Secretary Pete Hegseth testifies during a Senate Armed Services Committee hearing on the Department of Defense's FY27 budget request, on April 30, 2026.
Nathan Posner / Anadolu via Getty Images
June 18, 2026 01:53 PM ET
Congress
Pentagon
A Senate defense panel aims to place guardrails on direct equity investments, create an oversight board, and require briefings.
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The bill authorizes multiyear procurement of critical munitions, the F-35 and the Arleigh Burke destroyer.
