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Biden Signs National Defense Authorization Act into Law

President Joe Biden has signed the Fiscal 2023 National Defense Authorization Act into law, which has allotted $816.7 billion to the Defense Department. This act has authorized $40.4 billion for national security programs in the DOE and $378 million for other defense-related activities.

While this act allocates funds for things such as Navy shipbuilding and pays for Navy aircraft, these funds will also trickle down opportunities for infrastructure to be built to accommodate this new construction.

Military construction will be significantly boosted by this authorization, and subsequently American infrastructure will see similar support. Congratulations to those organizations that can move their projects forward with these new funds.

This information was sourced from www.defense.gov/News/.

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