Military Equipment Quality and Safety Reform Act

This bill requires the Department of Defense to create a new system within 180 days for analyzing and fixing equipment failures that cause serious military accidents (like aircraft crashes or major property damage). The system must investigate causes of failures, implement verified solutions to prevent repeats, and publicly share findings - including corrective actions and their effectiveness - with relevant personnel and the public. It also mandates penalties for noncompliance (like fines or contract suspensions) and annual reports to Congress on the system's performance. The law directly affects military equipment manufacturers and the DoD by imposing new accountability measures for safety failures.