Both the House and Senate Appropriations committees received a letter from the Silicon Valley Defense Group today urging them to keep the House-approved provision providing the Defense Innovation Unit $1 billion to establish a hedge portfolio in the fiscal year 2024 Defense Appropriations Act. The hedge portfolio in question is called the Non-Traditional Innovation Fielding Enterprise (NIFE). The letter was on behalf of 63 defense and dual-use organizations and was addressed to House and Senate lawmakers all on the Appropriations...
