A bill to establish a pilot program to incentivize employee ownership in defense contracting.

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.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 July 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 July 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 July 2021

  Open at official source

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