An amendment comprised of several amendments en bloc to delete numerous provisions of the bill as reported by the Banking Committee, including provisions that address specific acquisition policy issues and the funding of federally backed laboratories; amend the Federal Acquisition Regulations to encourage investment in modern industrial facilities and production equipment; express the sense of Congress that certain issues should be considered in changing defense acquisition policies pursuant to the Defense Management Review; require the defense industrial base policy commission created by the bill to specifically review certain contracting issues, including military specification and technical data requirements; and address certain energy issues and require reports on potential uses of renewable and alternative fuels in the defense industrial base. The amendment makes certain technical changes and also deletes provisions of the bill that would statutorily prohibit the Federal Government from promoting the use of offset arrangements on export sales of military goods to foreign nations.