Prioritizing Warfighters in Defense Contracting Act

Tim Burchett

Republican · TN · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Armed Services.

2026-06-09

Source: Congress.gov

The federal government would restrict defense contractors that fail to meet performance standards from using taxpayer money to buy back their own stock, pay shareholder dividends, or give large executive bonuses. The Defense Secretary would decide which contractors are underperforming and enforce these restrictions. This aims to ensure that defense spending goes toward improving services and products rather than enriching shareholders and executives at companies that aren't meeting their obligations.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9215 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9215 To limit stock buybacks, shareholder dividends, and executive compensation for certain underperforming contractors as determined by the Secretary of Defense, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 9, 2026 Mr. Burchett introduced the following bill; which was referred to the Committee on Armed Services _______________________________________________________________________ A BILL To limit stock buybacks, shareholder dividends, and executive compensation for certain underperforming contractors as determined by the Secretary of Defense, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Prioritizing Warfighters in Defense Contracting Act''. SEC. 2. LIMITATIONS ON STOCK BUYBACKS, SHAREHOLDER DIVIDENDS, AND EXECUTIVE COMPENSATION. (a) In General.--The Secretary of Defense may include terms in a contract, the expected value of which is greater than or equal to $100,000,000, to prohibit the contractor from conducting a stock buyback, issuing dividends to shareholders of the contractor, or paying any executive (including the chief executive officer) of the contractor total annual compensation in excess of $5,000,000 if the contractor takes an action described in subsection (b). (b) Actions Described.--An action described in this subsection is as follows: (1) The contractor fails to perform such contract on time and on budget, including if such failure is due to inadequate investment in new or modernized production methodologies. (2) The contractor performs such contract at insufficient production speed or capacity, including if such insufficiency is due to a failure to maintain equipment required for such performance. (c) Applicability.--This section shall apply with respect to contracts entered into on or after the date of the enactment of this Act. <all>

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