This bill is currently in the early stages of the legislative process. It was recently sent to the Senate Committee on the Judiciary for review. There are no upcoming votes scheduled at this time, and the bill is considered active.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
This bill is led by progressive Democrats and faces a tough path in a divided Congress where many members support less regulation on private investments.
Key Points
This bill requires the Department of Defense to review any deal where an investment firm tries to buy 25 percent or more of a major military supplier. It aims to make sure these buyouts do not hurt national security or make military equipment more expensive for taxpayers.
The Department of Defense would look at whether a buyout might limit the supply of important goods or services needed for national defense. They will also check if the investment firm has a solid financial plan that keeps the supplier stable and able to do its job.
After finishing a review, the Department of Defense must send a report to federal officials who handle competition and monopolies. This helps the government decide if a deal should be blocked because it creates an unfair advantage or hurts the military's ability to get what it needs.
The bill also requires a report every three years to track how mergers and buyouts are changing the defense industry. This will help leaders see if these business deals are making the military's supply chain weaker or stronger over time.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jun 10, 2026Senate
Read twice and referred to the Committee on the Judiciary.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jun 10, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
