DPA Transparency Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8030 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8030 To amend the Defense Production Act of 1950 to limit eligibility for assistance, increase monetary penalties, establish fraud risk management processes, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 20, 2026 Ms. Waters introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Defense Production Act of 1950 to limit eligibility for assistance, increase monetary penalties, establish fraud risk management processes, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``DPA Transparency Act of 2026''. SEC. 2. LIMITATION ON ELIGIBILITY FOR ASSISTANCE. Title III of the Defense Production Act of 1950 (50 U.S.C. 4531 et seq.) is amended by adding at the end the following: ``SEC. 306. LIMITATION ON ELIGIBILITY FOR ASSISTANCE. ``(a) In General.--A covered entity is not eligible for assistance authorized under this title. ``(b) Definitions.--In this section: ``(1) Covered entity.--The term `covered entity' means an entity in which a covered individual directly or indirectly holds a significant interest. For the purpose of determining whether an entity is a covered entity, if securities of the entity are owned, controlled, or held by 2 or more individuals who are related as described in paragraph (2), such securities shall be aggregated. ``(2) Covered individual.--The term `covered individual' means-- ``(A) the President, the Vice President, or a member of the Defense Production Act Committee; and ``(B) the spouse, child, son-in-law, or daughter- in-law of an individual describ