S. 4648

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4648 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4648

To improve transparency with respect to foreign influence on Department 
of Defense contractors.

_______________________________________________________________________

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.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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''.
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