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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.
Summary
- Authorizes the Secretary of Defense to write off or eliminate internal Department of Defense accounting charges such as depreciation and internal debt for depot and arsenal capital assets that no longer generate revenue due to mission realignments
- Requires write-offs to be conducted in a manner that ensures any previous cash outlays from revolving funds are recovered
- Limits authority to internal DoD accounting balances and does not apply to payments owed to commercial contractors
- Allows the Secretary of Defense to delegate this authority to military department secretaries
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Michael Cloud’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $165,527
- SAULSBURY INDUSTRIES $9,900
- ULINE $6,600
- MAGIC INDUSTRIES INC $6,600
- REPCON INC. $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Michael Cloud → · Outside spending →
Actions (2)
- Aug 6, 2026 Referred to the House Committee on Armed Services. · house
- Aug 6, 2026 Introduced in House
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
August 6, 2026
Mr. Cloud introduced the following bill; which was referred to the Committee on Armed Services
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” 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>
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