Ro Khanna (D-CA)

Critical Defense Ownership Review Act

H.R. 9283 · House bill Armed Forces and National Security

A Democratic bill with no cosponsors

Last activity — Referred to the House Committee on Armed Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Critical Defense Ownership Review Act requires investment companies to get a review from the Department of Defense before acquiring a controlling interest in major defense suppliers. A controlling interest is defined as a direct or indirect equity interest of at least 25 percent or direct or indirect control. The Department of Defense must assess how these transactions affect national security, competition, and the financial stability of the supplier. Findings from these reviews are reported to antitrust authorities. Additionally, the Assistant Secretary of Defense for Industrial Base Policy must conduct and report on merger and acquisition activity every three years.

Yes

  • Scored +5

    Does this give the federal government more power?

    Increases the Department of Defense's authority to review and potentially block private sector acquisitions.

The opposite

  • Scored -3

    Would business owners be better off under this?

    Imposes additional regulatory hurdles and DoD review requirements for investment companies acquiring defense suppliers.