S 4212
A bill to require contractors of the Department of Defense to prioritize meeting warfighter needs over the purchase of their own securities and executive compensation, and for other purposes
In Committeedefenseenvironment
Floor Vote
Passed
Signed
Summary
**What it does:** This bill would require companies that have contracts with the Department of Defense to prioritize spending on meeting military needs before using money to buy back their own stock or pay executive bonuses. **Who it affects:** - Defense contractors (companies that sell goods/services to the military) - Military personnel who rely on equipment and services from these contractors - Executives and shareholders of defense contractor companies **What would change:** Defense contractors would have new restrictions on how they spend money while under contract with the military.