S. 4648

116 S4648 IS: To improve transparency with respect to foreign influence on Department of Defense contractors.
 U.S. Senate
 2026-06-01
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 EN
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 II  119th CONGRESS  2d Session  S. 4648  IN THE SENATE OF THE UNITED STATES   June 1, 2026   Ms. Warren  (for herself and  Mr. Grassley ) introduced the following bill; which was read twice and referred to the  Committee on Armed Services    A BILL
To improve transparency with respect to foreign influence on Department of Defense contractors.
1.
Improving transparency of foreign influence on Department of Defense contractors
(a)
Defense contractors and subcontractors generally
Not later than 2 years after the date of the enactment of this Act, the Secretary of Defense shall revise the Defense Federal Acquisition Regulation Supplement to require any company that is a prospective contractor or subcontractor of the Department of Defense to provide to the Federal Government as part of any bid or proposal for a contract the information specified under subsection (a) of section 2876 of the National Defense Authorization Act for Fiscal Year 2018 ( 10 U.S.C. 2661  note) for each beneficial owner (as that term is defined in subsection (d)(1) of such section) of such company.
(b)
Mitigation of risks related to foreign ownership, control, or influence of defense industrial base contractors and subcontractors
Section 847(a) of the National Defense Authorization Act for Fiscal Year 2020 ( Public Law 116–92 ;  10 U.S.C. 4819  note) is amended—
(1)
in paragraph (1), by inserting  , and shall include any person defined as a  beneficial owner  under section 2876(d)(1) of the National Defense Authorization Act for Fiscal Year 2018 ( 10 U.S.C. 2661  note)  before the period at the end; and
(2)
in paragraph (3), by striking  in excess of $5,000,000  and inserting  in excess of $500,000 .