H.R. 9215 — Introduced in House

I 119th CONGRESS 2d Session H. R. 9215 IN THE HOUSE OF REPRESENTATIVES June 9, 2026Mr. Burchett introduced the following bill; which was referred to the Committee on Armed Services A BILL To limit stock buybacks, shareholder dividends, and executive compensation for certain underperforming contractors as determined by the Secretary of Defense, and for other purposes. 1. Short title This Act may be cited as the Prioritizing Warfighters in Defense Contracting Act. 2. Limitations on stock buybacks, shareholder dividends, and executive compensation (a) In general The Secretary of Defense may include terms in a contract, the expected value of which is greater than or equal to $100,000,000, to prohibit the contractor from conducting a stock buyback, issuing dividends to shareholders of the contractor, or paying any executive (including the chief executive officer) of the contractor total annual compensation in excess of $5,000,000 if the contractor takes an action described in subsection (b). (b) Actions described An action described in this subsection is as follows: (1) The contractor fails to perform such contract on time and on budget, including if such failure is due to inadequate investment in new or modernized production methodologies. (2) The contractor performs such contract at insufficient production speed or capacity, including if such insufficiency is due to a failure to maintain equipment required for such performance. (c) Applicability This section shall apply with respect to contracts entered into on or after the date of the enactment of this Act.