A bill to improve transparency with respect to foreign influence on Department of Defense contractors.

This bill would require the Secretary of Defense, within 2 years, to change defense purchasing rules so that companies bidding for Department of Defense contracts or subcontracts must report information about each of their beneficial owners. It would also change an existing law on foreign ownership, control, or influence of defense contractors so that the people covered include beneficial owners as defined in a 2018 defense law. The bill would lower the contract dollar threshold in that existing law from more than $5,000,000 to more than $500,000.

Full text and official record on Congress.gov

Sponsors

• Elizabeth Warren Democrat sponsor
• 1 cosponsors