CBO: U.S. industrial base could see Australian investments in 2025 under AUKUS implementation legislation

By Nick Wilson / November 3, 2023 at 5:11 PM
The U.S. industrial base could receive a $2 billion investment as soon as 2025 if lawmakers pass pending AUKUS implementation legislation before the end of the calendar year, according to a Congressional Budget Office cost estimate . The legislation in question, the AUKUS Submarine Transfer Authorization Act , would allow the United States to accept the $3 billion pledged by Australia to bolster the U.S. industrial base, establishing a “Submarine Security Activities account” to receive the contributions. The Defense Department...

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