Department of Defense Ethics and Anti-Corruption Act
This act aims to increase transparency and prevent corruption within the Department of Defense. It introduces new rules for former officials working for defense contractors and restricts their lobbying activities. Citizens can expect greater accountability in how public funds are spent on defense.
Key points
Extends the period during which former Department of Defense officials cannot work for companies they dealt with from two to four years.
Requires large defense contractors to report the employment of former Department of Defense officials and their lobbying activities.
Bans major defense contractors from hiring senior Department of Defense officials for four years after they leave service.
Prohibits Department of Defense officials from owning or trading stocks in companies that received significant revenue from the Department of Defense.
Increases transparency: The Department of Defense will publish contracts, contractor information, and financial disclosures, allowing citizens to better track public spending.
Expired
Additional Information
Print number: 117_S_2396
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2021-07-20