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

USA117th CongressS-2402| Senate 
| Updated: 7/20/2021
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Thomas Tillis (Republican)

Armed Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 20, 2021
Introduced in Senate
Jul 20, 2021
Read twice and referred to the Committee on Armed Services.
  • July 20, 2021
    Introduced in Senate


  • July 20, 2021
    Read twice and referred to the Committee on Armed Services.

Armed Forces and National Security

Related Bills

  • S 117-2792: National Defense Authorization Act for Fiscal Year 2022
Congressional oversightCorporate finance and managementEmployee benefits and pensionsGovernment studies and investigationsMilitary procurement, research, weapons developmentPublic contracts and procurementSecurities

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

USA117th CongressS-2402| Senate 
| Updated: 7/20/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 20, 2021
Introduced in Senate
Jul 20, 2021
Read twice and referred to the Committee on Armed Services.
  • July 20, 2021
    Introduced in Senate


  • July 20, 2021
    Read twice and referred to the Committee on Armed Services.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (1)
Thomas Tillis (Republican)

Armed Services Committee

Armed Forces and National Security

Related Bills

  • S 117-2792: National Defense Authorization Act for Fiscal Year 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightCorporate finance and managementEmployee benefits and pensionsGovernment studies and investigationsMilitary procurement, research, weapons developmentPublic contracts and procurementSecurities