To amend title 10, United States Code, to establish the Office of Strategic Capital in the Office of the Secretary of Defense, and for other purposes.

HR 4952 establishes the Office of Strategic Capital within the Department of Defense to manage national security investments. The Office provides loans, loan guarantees, and equity investments to eligible entities (including businesses, states, tribal governments, and public agencies) for projects involving "vital" tangible or intangible assets critical to national security, such as infrastructure or technology. Key mechanisms include setting interest rates (with potential waivers for national security projects), requiring credit ratings, and limiting loan terms to 50 years from project completion. The Office must report annually to Congress and its authorities expire on October 1, 2028.