Ban on Federal Funding for Entities Threatening US National Security
This law aims to prevent taxpayer money from funding companies and organizations deemed a threat to US national security by the government. It introduces a complete ban on entering into new federal contracts with these entities. Furthermore, companies receiving federal funds cannot use those funds to purchase goods or services from these threatening entities.
Key points
The federal government cannot enter into or extend contracts with companies on US sanctions lists or those identified as security threats.
Entities receiving federal grants must ensure they do not spend that money on purchasing goods or services from prohibited entities.
The goal is to protect national security and ensure public funds do not support entities hostile to the US.
Status:
Expired
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