Sponsored By: Senator Elizabeth Warren
Introduced
Shifts pay and stock incentives at big defense contractors toward long-term performance. This bill would bar large Department of Defense contractors from buying exchange-listed equity or paying dividends on those shares and would cap certain executive pay tied to short-term financial metrics.
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2 provisions identified: 0 benefits, 1 costs, 1 mixed.
If enacted, the bill would treat companies that got more than $250,000,000 a year from DoD as "large contractors." It would define covered pay types and exclude routine 401(k) and employee stock ownership plans. Covered pay tied to short-term financial metrics would be banned and covered pay would be capped at $5,000,000 per person per year. Large contractors would also have to agree not to buy back exchange-listed stock or pay dividends as a condition for DoD contracts. Contractors would need a compliance plan and must certify before a DoD contract and every year after.
If enacted, the Secretary of Defense would be able to grant waivers when a contractor meets four performance metrics at least 80% of the time. The Secretary would have to notify Congress about waivers and review recipients within a year and annually after. The bill would require a review system within 30 days and renegotiation of existing contracts that need changes. If a violation is found, the contractor would be notified, the allegation would be tracked in CPARS and SAM, and contractors could submit a board-approved remediation plan within 15 days. Contracting officers could suspend payments, end contracts, seek clawbacks, refer for debarment or prosecution, and stop DoD advocacy for sales.
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Elizabeth Warren
MA • D
Josh Hawley
MO • R
Sponsored 3/25/2026
No roll call votes available for this bill.
View on Congress.govSurfaced from PRIA's policy knowledge graph — ranked by signal strength, connected by evidence.
Appropriations package that would fund Treasury and IRS while imposing rulemaking limits and detailed DC policy constraints, affecting taxpayers, community lenders, and DC residents.
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The Uruguay Round Agreements Act URAA of 1994 19 U.S.C. §§ 3501–3624 implemented U.S. membership in the World Trade Organization WTO and incorporated the Uruguay Round trade agreements — the broadest
The World Trade Center Health Program is a federally funded health benefits program that provides free medical monitoring and treatment to those who were exposed to the toxic dust, debris, and fumes f
Workers' compensation is the United States' primary workplace injury system — a no-fault insurance program where employees who are injured on the job receive medical coverage and partial wage replacem
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