Made-in-America Defense Act

This bill, officially titled the "FMS-Only List Review Act" (not "Made-in-America Defense Act"), requires the State and Defense Secretaries to annually review defense items currently only available via Foreign Military Sales (FMS) but not direct commercial sales. The review must assess transfer times, agency workload impacts, and national security/competitiveness benefits of shifting items to direct sales. It mandates a report to Congress within 30 days of each review, detailing identified items and reasons for changes. The bill directly affects defense contractors, the State Department, and Congress, focusing on streamlining sales processes without altering eligibility rules.