- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Aug 6, 2026
What it does
The DEPOTS Act would authorize the Secretary of Defense to eliminate internal Department of Defense accounting charges—such as remaining depreciation or internal debt—associated with capital assets at depots and arsenals that no longer generate revenue due to mission realignments. These write-offs would apply only to internal financial balances within military department or Department of Defense accounts, not to payments owed to commercial contractors, and must ensure recovery of prior cash outlays from revolving funds. The Secretary may delegate this authority to the secretaries of the military departments. The bill aims to streamline financial accounting for defense infrastructure…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.