{
  "id": "IND-02",
  "category": "Industrial credit",
  "capability": "Guarantee private loans for defense production capacity",
  "summary": "The President may authorize a guaranteeing procurement agency to guarantee private-institution loans supporting essential defense production and services.",
  "legal_basis": [
    {
      "citation": "50 U.S.C. § 4531",
      "url": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4531&num=0&edition=prelim",
      "kind": "statute",
      "note": ""
    },
    {
      "citation": "50 U.S.C. § 4534",
      "url": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4534&num=0&edition=prelim",
      "kind": "statute",
      "note": ""
    },
    {
      "citation": "50 U.S.C. § 4564",
      "url": "https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4564&num=0&edition=prelim",
      "kind": "statute",
      "note": ""
    },
    {
      "citation": "Pub. L. 119-75, div. A, title III, Defense Production Act Purchases",
      "url": "https://www.govinfo.gov/content/pkg/PLAW-119publ75/html/PLAW-119publ75.htm",
      "kind": "statute",
      "note": "Provides $321,923,000 until expended for DPA §§108,301–303; Secretary may obligate/expend this funding as if delegated necessary DPA authorities."
    }
  ],
  "authority_holder": "President; designated guaranteeing agency",
  "actor_chain": {
    "planner": [
      "USD(A&S) / Industrial Base Policy / WIRE",
      "Military Department capability and supply-chain sponsors"
    ],
    "resource_owner": [
      "DPA Fund / DPA Purchases account",
      "DoD Comptroller"
    ],
    "approver": [
      "President / authorized statutory delegate; nondelegable findings retained where applicable"
    ],
    "executor": [
      "Assigned DPA Title III executing office and warranted contracting officer; current assignment must be verified"
    ],
    "partners": [
      "Treasury / OMB for credit",
      "Other resource-jurisdiction agencies as applicable",
      "Congressional notification recipients"
    ]
  },
  "actor_sources": [
    {
      "title": "Industrial Base Policy: Warfighting Investments, Resourcing, and Execution (WIRE)",
      "url": "https://www.businessdefense.gov/ibr/wire.html"
    }
  ],
  "requirements": [
    "Required findings on defense essentiality, private-credit availability, cost effectiveness, repayment/security and interest unless statutory emergency exception applies",
    "Applicant security generally at least 20% of loan",
    "Large-shortfall notice and wait requirements",
    "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": [
    "Not general banking authority; applies to identified defense shortfalls",
    "Anti-Deficiency Act retained",
    "Most DPA authorities expire December 11, 2026 under §4564 as amended by Pub. L. 119-103; §4558 is excepted."
  ],
  "funding": [
    "Advance credit-cost budget authority and statutory loan-principal limitation required; ordinary procurement money is not automatically credit subsidy authority.",
    "FY26 enacted DPA Purchases: $321.923M no-year. This is appropriated program amount, NOT verified remaining balance or automatic credit-principal ceiling."
  ],
  "coordination_path": "Requirement sponsor → named planning office → resource owner and counsel → statutory approving official → authorized executing/contracting office.",
  "availability": "Conditional legal pathway; current funding, required determinations, and actual delegation not certified.",
  "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.",
  "family": "Industrial capacity, capital and credit",
  "mechanisms": [
    "Loans & guarantees"
  ],
  "goal_ids": [
    "expand-production"
  ],
  "office_links": [
    {
      "office_id": "usd-acquisition-sustainment",
      "role": "planner",
      "label": "USD(A&S) / Industrial Base Policy / WIRE"
    },
    {
      "office_id": "comptrollers",
      "role": "resource_owner",
      "label": "DoD Comptroller"
    },
    {
      "office_id": "counsel-award-officials",
      "role": "executor",
      "label": "Assigned DPA Title III executing office and warranted contracting officer; current assignment must be verified"
    }
  ]
}