# 119-s-4212: Prioritizing the Warfighter in Defense Contracting Act of 2026

119-s-4212, Prioritizing the Warfighter in Defense Contracting Act of 2026, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-05-22).

- Canonical: https://policyrisk.com/legislation/119-s-4212
- As of: 2026-05-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4212
- Congress: 119
- Title: Prioritizing the Warfighter in Defense Contracting Act of 2026
- Status: introduced
- Introduced: 2026-03-25
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 2
- Policy area: Armed Forces and National Security
- Touches household money: yes
- Last recorded action: 2026-05-22

## Summary

**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.

## Cosponsors (2)

- Sen. Hawley, Josh [R-MO] (R-MO), 2026-03-25T00:00:00.000Z
- Sen. Lee, Mike [R-UT] (R-UT), 2026-05-20T00:00:00.000Z

## Provisions PRIA read

- New pay and stock limits for contractors: cost, medium. 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…
- Oversight, waivers, and contract penalties: mixed, medium. 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 wit…

## Related bills

- 119-s-4429: Connected Vehicle Security Act of 2026
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-4212 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4212)

## Related
- [119-s-4429: Connected Vehicle Security Act of 2026](https://policyrisk.com/legislation/119-s-4429)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4212 (as of 2026-05-22).