To reactivate and repurpose canceling funds to deter the Chinese Communist Party before such funds are extracted from the Department of Defense on October 1, 2023.

HR 5753 establishes the "Funding Indo-Pacific Readiness and Enhancing Stockpiles Fund" (FIRES Fund) to redirect unspent Department of Defense funds from previous fiscal years. The bill directs these funds toward specific military readiness purposes in the Indo-Pacific region, including munitions production, shipbuilding, and infrastructure like forward arming sites and pre-positioned logistics facilities. Key provisions require 10% of the fund to support small businesses and nontraditional defense contractors, mandate congressional notification before major contracts, and require quarterly reports on fund usage. The fund expires after 10 years if unspent, with all unused funds returning to the Treasury.