WASHINGTON — The Pentagon controls spy satellites, special operators and nuclear weapons, but there’s one thing it can’t do that 118 other government offices can: run a federal credit program, using loans and loan guarantees to boost private-sector investment in its priorities.
That’s the legal limitation the Defense Department faces as it stands up a brand-new Office of Strategic Capital to encourage investment in cutting-edge technology, OSC director Jason Rathje explained Friday at the Center for Strategic & International Studies.
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