Senate Bill 2402
117th Congress(2021-2022)
A bill to establish a pilot program to incentivize employee ownership in defense contracting.
Introduced
Introduced in Senate on Jul 20, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2402
Congress
117
Policy Area
Armed Forces and National Security
Armed Forces and National Security
Primary focus of measure is military operations and spending, facilities, procurement and weapons, personnel, intelligence; strategic materials; war and emergency powers; veterans’ issues. Measures concerning alliances and collective security, arms sales and military assistance, or arms control may fall under International Affairs policy area.
No Senate votes have been held for this bill.
Summary
This bill authorizes a three-year pilot program under which the Department of Defense may use noncompetitive procedures for awarding follow-on contracts to qualified businesses wholly-owned through an ESOP (i.e., an S corporation for which 100% of the outstanding stock is held through an employee stock ownership plan) if the prior contract was rated as satisfactory or better. The Government Accountability Office must report on the individual and aggregate uses of the authority provided under this bill.
July 20, 2021
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07/20/2021
Read twice and referred to the Committee on Armed Services.
07/20/2021
Introduced in Senate
Public Record
Record Updated
Mar 8, 2023 8:12:35 PM