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Prioritizing Warfighters in Defense Contracting Act
To limit stock buybacks, shareholder dividends, and executive compensation for certain underperforming contractors as determined by the Secretary of Defense, and for other purposes.
Summary
- Authorizes the Secretary of Defense to include restrictions on stock buybacks, shareholder dividends, and executive compensation in defense contracts valued at $100 million or more
- Allows the Secretary to impose these restrictions if a contractor fails to perform the contract on time and on budget
- Allows the Secretary to impose these restrictions if a contractor performs at insufficient production speed or capacity
- Caps executive compensation (including CEO pay) at a maximum of $5 million per year when restrictions are imposed
- Applies to all defense contracts entered into on or after the date of enactment
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Burchett, Tim [R-TN-2] (R-TN)
Actions (2)
- Jun 9, 2026 Referred to the House Committee on Armed Services. · house
- Jun 9, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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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