Prioritizing the Warfighter in Defense Contracting Act of 2026

This bill would bar the Department of Defense from contracting with any contractor that received more than $250 million a year from the Department in any of the past three years unless the contractor agrees in writing not to buy back its own listed stock or pay dividends. Such contractors would also have to keep pay for employees and executives at or below $5 million per year and not tie it to short-term financial measures like cash flow. The Secretary of Defense could waive these limits for contractors that meet delivery, readiness, performance, and pricing-data targets at least 80 percent of the time, and would have to renegotiate existing contracts. Penalties for violations could include suspending payments, ending contracts, recovering pay, or barring new contracts, and the Secretary would report to Congress and the public.

Full text and official record on Congress.gov

Sponsors

• Elizabeth Warren Democrat sponsor
• 2 cosponsors