DEPOTS Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5349 Introduced in Senate (IS)]

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119th CONGRESS 2d Session S. 5349

To authorize the Secretary of Defense to eliminate any internal Department of Defense depreciated costs or cancel any internal Department debts associated with depots and arsenal from accounts of a military department or the Department that are associated with certain capital expenditures that no longer generate revenue due to mission changes.

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IN THE SENATE OF THE UNITED STATES

August 6, 2026

Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Armed Services

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A BILL

To authorize the Secretary of Defense to eliminate any internal Department of Defense depreciated costs or cancel any internal Department debts associated with depots and arsenal from accounts of a military department or the Department that are associated with certain capital expenditures that no longer generate revenue due to mission changes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Defense Expenditure Planning for Optimizing Throughput and Sustainment Act of 2026'' or the ``DEPOTS Act''.

SEC. 2. CAPITAL EXPENDITURE WRITE-OFFS FOR DEPARTMENT OF DEFENSE DEPOTS AND ARSENALS.

(a) Write-offs.-- (1) In general.--With respect to any depot or arsenal of the Department of Defense, the Secretary of Defense may write- off or eliminate any internal Department accounting charges, such as remaining depreciation or internal debt from an account of a military department or the Department associated with capital assets that do not generate revenue due to mission realignments directed by the Federal Government. (2) Recovery of outlays.--Write-offs under paragraph (1) shall be done in a manner than ensures any previous cash outlay from a revolving fund is recovered. (3) Application of authority.--The authority under paragraph (1) applies only to financial balances within the accounts of a military department or the Department of Defense, not to payments owed to commercial contractors. (b) Delegation.--The Secretary may delegate the authority under subsection (a) to the Secretary of a military department. <all>