Section 1. Short title
This Act may be cited as the DPA Advanced Procurement Act of 2026.
(a) In general
The Comptroller General of the United States shall, not later than 1 year after the date of the enactment of this Act, submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a study on the efficacy of the current methods used by DPA agencies to address DPA-related long-lead items and related stockpiling challenges.
(b) Requirements
When conducting the study required under subsection (a), the Comptroller General shall—
(1) examine how DPA-related long-lead items are currently procured and stockpiled by DPA agencies;
(2) identify ways in which Federal agencies can work together to better address procurement and stockpiling of DPA-related long-lead items; and
(3) provide legislative recommendations, including amendments to the DPA, to address procurement of DPA-related long-lead items and the stockpiling of such items.
(c) Definitions
In this section:
(1) DPA
The term DPA means the Defense Production Act of 1950 (50 U.S.C. 4501 et seq.).
(2) DPA agency
The term DPA agency means a Federal agency to which the President has delegated authority under the DPA.
(3) Long-lead item
The term long-lead item means components of a system or piece of equipment for which the times to design and fabricate are the longest, and therefore, to which an early commitment of funds may be desirable to complete the system by the earliest possible date.
Section 3. Short title correction
The first undesignated section of the Defense Production Act of 1950 is amended, effective on the date of enactment of such Act, by striking cited as the Defense and inserting cited as the Defense.