Prioritizing Warfighters in Defense Contracting Act

This bill would allow the Secretary of Defense to add terms to defense contracts worth $100 million or more that restrict how the contractor uses its money if it does not perform well. Under these terms, a contractor could be barred from buying back its own stock, paying dividends to shareholders, or paying any executive more than $5 million a year. The restrictions could apply if the contractor fails to finish the contract on time and on budget, or works at too slow a speed or too low a capacity. The bill would apply only to contracts signed on or after the date it becomes law.

Full text and official record on Congress.gov

Sponsors

• Tim Burchett Republican sponsor
• 0 cosponsors