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H.R. 7688119th CongressPlaced on the calendarLatest action Apr 15, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 7688 reorganizes the Defense Production Act, raises dollar thresholds, and shifts some power to a new committee.
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This bill reorganizes and updates the Defense Production Act of 1950, limiting government control of civilian goods distribution to generally one year, raising several dollar thresholds (like loan guarantee minimums from $50 million to $100 million), and shifting some presidential decision-making to a new Fund manager and interagency Defense Production Act Committee. It also creates a Critical Minerals Resilience Initiative and requires new safeguards, fraud-prevention rules, and a public website for DPA contract information.
It affects federal agencies managing national security and emergency supply chains, defense contractors, mining and critical mineral companies, and businesses seeking federal loans or contracts. Consumers could be affected indirectly during future emergencies, health crises, or disasters.
The changes alter who controls emergency production decisions and for how long, and add new restrictions on conflicts of interest and discrimination based on energy source.
The bill raises dollar thresholds for penalties and loan/investment limits, including increasing minimum loan guarantee thresholds from $50 million to $100 million.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 529.