HB5120: Prohibit Pentagon Profiteering Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To strengthen the prohibition on the ownership or trading of stocks in certain companies by certain officials of the Department of Defense.
Plain-language summary
This bill would strengthen rules preventing Department of Defense officials from owning or trading stocks in defense contractors and related companies. The measure aims to reduce conflicts of interest by stopping Pentagon leaders from profiting financially from military contracts or defense industry decisions they influence. Currently, federal law already restricts such stock ownership, but this bill would make those restrictions stronger or broader. The bill was introduced by Representatives Katie Porter and Joseph Neguse and is in the early stage of consideration.
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HB5120: Prohibit Pentagon Profiteering Act