EconDefense
IND-03 / Industrial capacity, capital and credit

Make direct loans to private enterprises for productive capacity

Finance defense-related capacity, processes and essential materials, including exploration, development and mining, through DPA direct loans.

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At a glance

Mission goalExpand production
Possible toolIND-03 · Loans & guarantees

Authority holder: President or authorized delegate

Loans & guarantees

Mechanism tags describe the source text; they do not expand the authority.

Availability and verification

Conditional legal pathway; current funding, required determinations, and actual delegation not certified.

Requirements and limits

Eligibility & prerequisites

  • Private financing not otherwise available on reasonable terms
  • Apply §4532(b)(2) national-emergency findings as written
  • Aggregate shortfall threshold notification or valid waiver
  • For the FY26 DPA Purchases appropriation, enacted text permits Secretary of Defense obligation/expenditure as if delegated necessary DPA authorities; do not treat an Executive Order as the independent substantive grant. Transaction-specific nondelegable findings and credit limits still require review.

Limits & exclusions

  • Loan terms and repayment assessment required
  • Not equity or unrestricted corporate rescue
  • Most DPA authorities expire December 11, 2026 under §4564 as amended by Pub. L. 119-103; §4558 is excepted.

Funding conditions

  • Specific advance credit authority and Federal Credit Reform/appropriations treatment must be confirmed; §4532 retains the Anti-Deficiency Act.
  • FY26 enacted DPA Purchases: $321.923M no-year. This is appropriated program amount, NOT verified remaining balance or automatic credit-principal ceiling.

Read the funding and execution guide

Who contributes what

Need & planning

  • USD(A&S) / Industrial Base Policy / WIRE
    Office profile
  • Military Department capability and supply-chain sponsors

Resources

Approval

  • President / authorized statutory delegate; nondelegable findings retained where applicable

Execution

  • Assigned DPA Title III executing office and warranted contracting officer; current assignment must be verified
    Office profile

Partners & review

  • Treasury / OMB for credit
  • Other resource-jurisdiction agencies as applicable
  • Congressional notification recipients

Office links are editorial matches to the original role text, not verified delegations. Composite labels and unmatched actors are preserved.

Coordination pathway

Requirement sponsor → named planning office → resource owner and counsel → statutory approving official → authorized executing/contracting office.

Actor and execution-role sources

Legal basis

What this research establishes

Legal powerSource and conditions recorded
EligibilityProject-specific check needed
Available fundsBalances not verified
DelegationValid signature authority must be checked
ExecutionOffice capacity and approvals must be checked

Confidence: High on statutory permission; execution roles are organizational routing, not verified individual delegations.

Currentness: DPA operative 2024 text read and compared with OLRC September 2026 entries; Pub. L. 119-103, div. B §2004 extends §4564 to Dec. 11, 2026. Pub. L. 119-60 §862 removes statutory barriers to changing the Air Force Executive Agent, not itself a replacement designation.

Research target: October 2, 2026. A record-specific last-review date is not supplied. Publication date is not legal-currentness certification.

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