Prioritizing the Warfighter in Defense Contracting Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4212 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4212 To require contractors of the Department of Defense to prioritize meeting warfighter needs over the purchase of their own securities and executive compensation, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 25, 2026 Ms. Warren (for herself and Mr. Hawley) introduced the following bill; which was read twice and referred to the Committee on Armed Services _______________________________________________________________________ A BILL To require contractors of the Department of Defense to prioritize meeting warfighter needs over the purchase of their own securities and executive compensation, 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 ``Prioritizing the Warfighter in Defense Contracting Act of 2026''. SEC. 2. DEFINITIONS. In this Act: (1) Appropriate congressional committees.--The term ``appropriate congressional committees'' means-- (A) the Committee on Armed Services and the Committee on Homeland Security and Governmental Affairs of the Senate; and (B) the Committee on Armed Services and the Committee on Oversight and Government Reform of the House of Representatives. (2) Covered employee.--The term ``covered employee'' means an employee, executive, or officer. (3) Equity security.--The term ``equity security'' has the meaning given such term in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)). (4) Covered compensation.--The term ``covered compensation''-- (A) means-- (i) salary; (ii) bonuses; (iii) any compensation that is granted, earned, or vested based wholly or in part upon the attainment of any financial reporting measure or other performance metric; (iv) e