Investing in Our Defense Act of 2024

This bill authorizes the Office of Strategic Capital to make equity investments as a minority stakeholder in defense-related projects, with strict limits of 20% per project and 35% total exposure. It also directs the Office to invest in critical minerals to support national defense priorities and allows the Office to charge fees for capital assistance, which must be used for program purposes. The Office must sell equity investments as soon as feasible while considering national security, and it must establish specific timetables for each investment. Additionally, the bill grants the Office special hiring authority for up to 50 employees, allowing flexible appointments and pay without standard civil service rules.