Business Groups Oppose Pentagon Stock Buyback and Dividend Restrictions in Senate Defense Bill
The U.S. Chamber of Commerce, along with 40 other business groups, is urging the removal from a defense bill (NDAA) of Section 815, which would require Pentagon contractors to obtain approval for stock buybacks or dividends. The provision was introduced by Sen. Elizabeth Warren and included in the bipartisan NDAA but faces strong opposition due to its broad application across all types of companies working with the Department of Defense.
Topics: congressional_legislation defense dividends stock_buybacks