S. 2402 · 117th Congress · Senate

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

Active· Read twice and referred to the Committee on Armed Services.
Introduced
Jul 20, 21
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

2
  1. JUL 20, 2021IntroReferral

    Introduced in Senate

  2. JUL 20, 2021IntroReferral

    Read twice and referred to the Committee on Armed Services.

Committees

1

Armed Services Committee

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Referred: Jul 20, 2021

Active