Limits stock buybacks, shareholder dividends, and executive compensation for underperforming defense contractors.
The Prioritizing Warfighters in Defense Contracting Act allows the Secretary of Defense to include terms in defense contracts worth over $100 million to restrict stock buybacks, shareholder dividends, and executive compensation over $5 million if the contractor fails to meet contract deadlines or production capacity. This applies to contracts entered into after the act's enactment.
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