A bill to establish a pilot program to incentivize employee ownership in defense contracting.
Read twice and referred to the Committee on Armed Services.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Jul 20, 2021
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.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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