Mysterious New “Resiliency Funds” for the Industrial Base

Rolling Analysis, HEALS ActMysterious New “Resiliency Funds” for the Industrial BaseA closer look at the HEALS Act.

National Security,  | Analysis
Jul 28, 2020  | 1 min read | Print Article

Of that roughly $19 billion, $10.8 billion is in mysterious “Defense Industrial Base Resiliency Funds.” The Army, Navy, Air Force, Space Force, Special Operations Command and Missile Defense Agency all get a piece of this overflowing money pie.

What are these new funds for? Well, the General Provisions state the money is, “For expenses of modifications of the terms and conditions of contracts and agreements as authorized in Section 3610 of Division A of Public Law 116-136.” So, almost $11 billion is needed due to modifying contracts entered into under the CARES Act. That’s not a lot of direction for the expenditure of that much money. But we’re sure every party to the CARES Act is totally above board and not a dollar will be wasted! (Sarcasm alert.)

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