This bill mandates the Secretary of Defense to undertake a comprehensive study concerning the use of small arms and light weapons , along with their component parts, by members of the Armed Forces. The study specifically targets weapons and parts manufactured outside the United States or produced domestically by subsidiaries of foreign-owned entities. Following the study's completion, the Secretary must submit a detailed report to Congress and the President within 180 days of the Act's enactment. This report is required to include specific recommendations aimed at facilitating the procurement of small arms and light weapons that are entirely manufactured within the United States by entities that are both owned and controlled by individuals located in the U.S.