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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9215 Introduced in House (IH)]

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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.
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Prioritizing Warfighters in Defense Contracting Act

Full Text
