The Critical Defense Ownership Review Act mandates reviews of acquisitions by investment companies involving major defense suppliers.

The Critical Defense Ownership Review Act requires the Department of Defense to review acquisitions by investment companies that involve major defense suppliers. The review assesses the impact on national security, competition, and the defense industrial base. The Act prohibits investment companies from acquiring a controlling interest in major defense suppliers without prior Defense Department review. The Assistant Secretary of Defense for Industrial Base Policy must also conduct a triennial review of merger and acquisition activity associated with major defense suppliers.

The Critical Defense Ownership Review Act mandates reviews of acquisitions by investment companies involving major defense suppliers.

The Critical Defense Ownership Review Act requires the Department of Defense to review acquisitions by investment companies that involve major defense suppliers. The review assesses the impact on national security, competition, and the defense industrial base. The Act prohibits investment companies from acquiring a controlling interest in major defense suppliers without prior Defense Department review. The Assistant Secretary of Defense for Industrial Base Policy must also conduct a triennial review of merger and acquisition activity associated with major defense suppliers.