MINDS Act

This bill requires defense contractors to use increasingly higher percentages of domestically sourced materials in large defense contracts: 60% for current contracts, rising to 65% between 2024-2028, and 75% after 2029. It mandates the Department of Defense to create a tracking system for domestic content and allows exceptions for iron/steel products. The law applies to major defense programs defined under existing law and includes a temporary rule to address cases where U.S. sourcing would cause unreasonable costs, ending in 2030. This directly affects defense contractors and the Pentagon's procurement process.