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Senate Appropriators Add Funding For Industrial Base Initiatives

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The Senate Appropriations Defense subcommittee (SAC-D) yesterday added $130 million to President Barack Obama’s budget for industrial-base initiatives while reducing his proposed level of Pentagon funding by $100 million. During yesterday’s markup session for the fiscal year 2013 defense appropriations bill, the subcommittee proposed adding $30 million to the Industrial Base Innovation Fund authorized by the Senate Armed Services Committee as well as $100 million in Defense Production Act funding to build production capacity for critical defense-related initiatives. The bill funded all but…

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