Making Government Equity Ownership Official

Payne Institute Energy Finance Lab Director Brad Handler and Student Researcher Matthew Safran write about how in June, the House and Senate Armed Services Committees advanced the FY2027 National Defense Authorization Act (NDAA), Congress’s annual defense policy bill. The legislation covers hundreds of defense programs and policies but one small provision, Section 1051, tackles a different challenge: managing the risks of an untested facet of the current administration’s more muscular industrial policy.  August 7, 2026.