Fault geometry and slip rates are key input data for geologic deformation models, which are a fundamental component of probabilistic seismic hazard analyses (PSHAs). However, geologic sources for PSHA have traditionally been limited to faults with field‐based slip rate constraints, which results in underrepresentation of known, but partially characterized, active faults. Here, we evaluate fault geometries and geologic fault slip rates for the western United States to construct a new geologic deformation model for the U.S. National Seismic Hazard Model 2023 update (NSHM23). In previous NSHM iterations, only faults with published geologic slip rates were included. In the NSHM23 fault sections database compilation, this inclusion criterion was expanded to include faults without known slip rates. In this updated geologic deformation model, preferred slip rates and associated uncertainty distributions are incorporated for faults with slip rates derived from field studies. For faults without site‐specific slip rates, we evaluate a suite of uncertainty distributions derived from broad slip rate categories in the U.S. Geological Survey Quaternary Fault and Fold Database. Preferred slip rate distributions are selected via comparison with geodetic strain rates in tectonic subregions. The resultant moment of the geologic deformation model is generally in deficit compared with the geodetic moment within each region. Primary advances in the NSHM23 geologic deformation model include the following: (1) slip rates are presented as preferred values with uncertainties rather than single values; (2) the representation of the western U.S. active fault network is more complete; and (3) the geologic deformation model leverages geodetic information to assess regional constraints on geologic fault slip rates.