A bill to establish a pilot program to incentivize employee ownership in defense contracting.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 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.
What just happenedJul 20, 2021
Read twice and referred to the Committee on Armed Services.
Who’s behind it
- Introduced in SenateJul 20, 2021
- Jul 20, 2021IntroReferral
Read twice and referred to the Committee on Armed Services.
Armed Services Committee - Jul 20, 2021IntroReferral10000
Introduced in Senate