Key provisions of the DEPOTS Act include: Allow the Secretary of Defense to write off depreciation costs or internal debt on DoW’s books when the charges are linked to capital assets that no longer generate revenue, due to a change in mission. Require cash outlays to be recovered first. Allow the Secretary of Defense to delegate this authority down to the secretaries of the individual military departments: Army, Navy, Air Force. Does not apply to payments owed to commercial contractors.
Allow the Secretary of Defense to write off depreciation costs or internal debt for Department of War depots and arsenals when charges are tied to capital assets that no longer generate revenue because of a mission change, while requiring cash outlays to be recovered first and excluding payments owed to commercial contractors.
Occurrences
Evidence
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GovInfo lists H.R. 10046 as introduced by Michael Cloud on August 6, 2026 and referred to House Armed Services. The bill text matches the write-off authority, revolving-fund recovery, and contractor-payment exclusion.
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The joint explanatory statement says the House bill had the depot-and-arsenal capital write-off provision, but the final agreement did not include it.
Assessments
Cloud materially advanced the policy by introducing H.R. 10046, the DEPOTS Act, in the 119th Congress, and the text matches the promised depreciation/internal-debt write-off authority with the stated limits. But the bill was only introduced and referred to committee, and a prior House NDAA version containing the provision was excluded from the final agreement. Because the promised authority has not been enacted or implemented, this is a failed but serious same-term legislative attempt, not delivery.