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A bill to improve transparency with respect to foreign influence on Department of Defense contractors.
To improve transparency with respect to foreign influence on Department of Defense contractors.
Summary
This bill requires the Department of Defense to revise its acquisition regulations to mandate that companies bidding for defense contracts and subcontracts disclose information about their beneficial owners. The bill establishes that beneficial owner information must be provided as part of contract bids and proposals. The legislation also strengthens existing federal requirements for assessing and mitigating risks related to foreign ownership or control of defense contractors by lowering the dollar threshold for such assessments from $5 million to $500,000 and explicitly including beneficial owners in the scope of review.
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)
1 cosponsor
- Sen. Grassley, Chuck [R-IA] (R-IA)
Actions (2)
- Jun 1, 2026 Read twice and referred to the Committee on Armed Services. · senate
- Jun 1, 2026 Introduced in Senate
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 SENATE OF THE UNITED STATES
June 1, 2026
Ms. Warren (for herself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on Armed Services
A BILL
To improve transparency with respect to foreign influence on Department of Defense contractors.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. IMPROVING TRANSPARENCY OF FOREIGN INFLUENCE ON DEPARTMENT OF DEFENSE CONTRACTORS.
(a) Defense Contractors and Subcontractors Generally.—Not later than 2 years after the date of the enactment of this Act, the Secretary of Defense shall revise the Defense Federal Acquisition Regulation Supplement to require any company that is a prospective contractor or subcontractor of the Department of Defense to provide to the Federal Government as part of any bid or proposal for a contract the information specified under subsection (a) of section 2876 of the National Defense Authorization Act for Fiscal Year 2018 (10 U.S.C. 2661 note) for each beneficial owner (as that term is defined in subsection
(d)(1) of such section) of such company.
(b) Mitigation of Risks Related to Foreign Ownership, Control, or Influence of Defense Industrial Base Contractors and Subcontractors.— Section 847(a) of the National Defense Authorization Act for Fiscal Year 2020 (Public Law 116-92; 10 U.S.C. 4819 note) is amended—
(1) in paragraph (1), by inserting “, and shall include any person defined as a ‘beneficial owner’ under section 2876(d)(1) of the National Defense Authorization Act for Fiscal Year 2018 (10 U.S.C. 2661 note)” before the period at the end; and
(2) in paragraph (3), by striking “in excess of $5,000,000” and inserting “in excess of $500,000”. <all>
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