CONGRESS FOR VOTERS

Elizabeth Warren (D-MA)

S.Amdt. 6166

S.Amdt. 6166 · Senate amendment

A Democratic amendment with no cosponsors

Changes S. 4784 — National Defense Authorization Act for Fiscal Year 2027

Offered

Offered, and not voted on yet. Most amendments never get a vote: the Senate takes up the bill and moves on without them.

Its path through Congress

  1. Introduced
  2. Pending Consideration

What this amendment would do

SA 6166, submitted by Ms. Warren, aims to add a new section (SEC. 1051A) to bill S. 4784. The purpose of this amendment is to prohibit equity investments for "covered entities."

Key Changes and Additions

  • Investment Prohibition: The amendment states that a "covered entity" is not eligible for an equity investment.

  • Covered Entities and Individuals: A "covered entity" is one where a "covered individual" holds a "significant interest." Covered individuals include:

    • The President, Vice President, or individuals with Cabinet-level status.
    • Spouses, children, sons-in-law, or daughters-in-law of the individuals listed above.
    • Executive branch officers or employees, including special Government employees, who are involved in the consideration, negotiation, approval, or administration of these equity investments.

  • Defining Interests:

    • Significant Interest: Owning, controlling, or holding any "equity interest" that is not a "de minimis interest."
    • Equity Interest: Includes shares in an entity (like a partnership), capital or profit interests in LLCs, venture capital funds, private equity funds, pooled investment funds, or certain warrants and rights to purchase or sell such interests.
    • De Minimis Interest: Interests that do not exceed $15,000, those owned through certain registered diversified open-end companies, or those held in widely diversified government-maintained pension or employee benefit plans.