Crowding in Capital: Modernizing the Department of War’s Financial Arsenal

In an increasingly dangerous geopolitical environment, a bipartisan consensus has emerged that the United States needs to reindustrialize. This is a welcome realization, but it raises a major question: What institutions and tools can Washington use to ensure that America can produce components, weapons, and equipment quickly and at scale? To incentivize growth in the defense industrial sector, the Department of War has created the Office of Strategic Capital and begun to identify useful authorities related to the Defense Production Act. It is also exploring other financial tools and modalities that could help restore US industrial independence. Join Senior Fellow Nadia Schadlow and an expert panel for a discussion on the DoW’s financial tools, the extent of the department’s authorities, and the role it will play in the broader American reindustrialization effort.