Accurate Industrial Policy Budgeting Act of 2024

HR 9664 requires the Department of Defense to include in its annual budget submissions to Congress the maximum achievable production rate for defense goods at the budgeted per-unit cost, along with a certification of accuracy. It applies to major defense acquisition programs and high-cost projects exceeding $200 million in R&D or $920 million in procurement. The Department must provide this information in the 2025 budget for major programs and the 2026 budget for other covered programs. This aims to improve transparency around production capabilities within defense spending without altering program operations.