US HB5726

Each military department Secretary must designate at least 5 Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) Phase III programs annually as "Entrepreneurial Innovation Projects" for inclusion in future DoD budgets and defense planning

Designated programs receive inclusion in the future-years defense program, separate budget line items in programming proposals, and integration into DoD's planning, programming, budgeting, and execution process

Each military department must establish a 5-member advisory panel (3 private sector entrepreneurs, 1 Senior Executive Service acquisition official, 1 armed forces member) to recommend at least 5 programs for designation each year

Advisory panels must initially select at least 10 eligible programs, allow them to submit 5-year program plans with goals and funding needs, then recommend final selections based on national security potential, technological innovation, and cost savings

Military department Secretaries must establish advisory panels within 120 days of enactment, and the Secretary of Defense must submit annual reports to Congress on designated programs and their progress