S 2402
117th Congress
Senate
Armed Forces and National Security
Congressional oversight
Corporate finance and management
Employee benefits and pensions
Government studies and investigations
Military procurement, research, weapons development
Public contracts and procurement
Securities
A bill to establish a pilot program to incentivize employee ownership in defense contracting.
Introduced: July 20, 2021
Introduced by:
Warren, Elizabeth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2021
Read twice and referred to the Committee on Armed Services.
Jul 20, 2021
Introduced in Senate
Plain-English summary
This bill authorizes a three-year pilot program under which the Department of Defense may use noncompetitive procedures for awarding follow-on contracts to qualified businesses wholly-owned through an ESOP (i.e., an S corporation for which 100% of the outstanding stock is held through an employee stock ownership plan) if the prior contract was rated as satisfactory or better. The Government Accountability Office must report on the individual and aggregate uses of the authority provided under this bill.
What's happening now
Read twice and referred to the Committee on Armed Services.
Committees of jurisdiction
1
Cosponsors
1