Critical Defense Ownership Review Act

This bill would bar investment companies, such as private equity funds, from gaining at least 25 percent ownership or control of a major defense supplier without a prior review by the Department of Defense. The parties to such a deal would have to file a premerger notice with the Department of Defense. The Department would review each deal for its effects on national security, competition for defense contracts, costs, and the supplier's financial stability, and send a written report to federal antitrust officials within 30 days. The bill would also require a review of mergers and acquisitions among major defense suppliers every three years, with reports to Congress starting by December 31, 2027.

Full text and official record on Congress.gov

Sponsors

• Ro Khanna Democrat sponsor
• 0 cosponsors