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S. 2402 117th Congress Senate

A bill to establish a pilot program to incentivize employee ownership in defense contracting.

Introduced: July 20, 2021 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Armed Forces and National Security Congressional oversightCorporate finance and managementEmployee benefits and pensionsGovernment studies and investigations
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Military procurement, research, weapons developmentPublic contracts and procurementSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action July 20, 2021

Read twice and referred to the Committee on Armed Services.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • S 2792 National Defense Authorization Act for Fiscal Year 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Tillis, Thomas
North Carolina · Jul 20, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2402: A bill to establish a pilot program to incentivize employee ownership in defense contracting.. 117th Congress. Open America. https://openamerica.io/bill/117-S-2402/
MLA
"S. 2402: A bill to establish a pilot program to incentivize employee ownership in defense contracting.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2402/.
Bluebook (legal)
S. 2402, 117th Cong. (2026), https://openamerica.io/bill/117-S-2402/.
Markdown link
[S. 2402: A bill to establish a pilot program to incentivize employee ownership in defense contracting.](https://openamerica.io/bill/117-S-2402/)
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