House panel would boost FY-17 investment accounts through major OCO reallocation

By Jason Sherman / April 25, 2016 at 3:07 PM
In a major change to the Pentagon's fiscal year 2017 budget submission, a draft House Armed Services Committee bill would reallocate 40 percent of the Defense Department's war spending proposal for routine base budget needs, raising the Obama administration's $5 billion request to $23 billion. The move would add $8.6 billion to investment accounts to buy additional combat aircraft and ships. The chairman's mark of the committee's defense authorization bill calls for adding $17.9 billion to a portion of the...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.