[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5120 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5120

To strengthen the prohibition on the ownership or trading of stocks in 
  certain companies by certain officials of the Department of Defense.


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2023

  Ms. Porter introduced the following bill; which was referred to the 
                      Committee on Armed Services

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                                 A BILL


 
To strengthen the prohibition on the ownership or trading of stocks in 
  certain companies by certain officials of the Department of Defense.

    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 ``Prohibit Pentagon Profiteering 
Act''.

SEC. 2. MODIFICATION OF PROHIBITION ON OWNERSHIP OR TRADING OF STOCKS 
              IN CERTAIN COMPANIES BY CERTAIN OFFICIALS OF THE 
              DEPARTMENT OF DEFENSE.

    Section 988(a) of title 10, United States Code, is amended by 
striking ``if that company is one of the 10 entities awarded the most 
amount of contract funds by the Department of Defense in a fiscal year 
during the five preceding fiscal years'' and inserting ``if, during the 
preceding calendar year, the company received more than $1,000,000,000 
in revenue from the Department of Defense, including through one or 
more contracts with the Department''.
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