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Main Subject: Armed Forces and National Security

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.

Senate Actions

IntroReferral
Jul. 20 2021	Read twice and referred to the Committee on Armed Services.

Library of Congress Actions

IntroReferral
Jul. 20 2021	Introduced in Senate

Senate bill S2402-117

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

Senate bill S2402-117

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

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