119 HR 9215 IH: Prioritizing Warfighters in Defense Contracting Act U.S. House of Representatives 2026-06-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS2d SessionH. R. 9215IN THE HOUSE OF REPRESENTATIVESJune 9, 2026Mr. Burchett introduced the following bill; which was referred to the Committee on Armed ServicesA BILLTo limit stock buybacks, shareholder dividends, and executive compensation for certain underperforming contractors as determined by the Secretary of Defense, and for other purposes.

1.

Short title

This Act may be cited as the Prioritizing Warfighters in Defense Contracting Act.

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.