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Ban on Federal Payments to Companies Controlled by Government Employees

This new law aims to increase fairness in public spending. It prohibits government agencies from awarding contracts or grants to companies owned by special government employees. This is intended to prevent conflicts of interest and ensure public funds are used fairly.
Key points
Companies beneficially owned by special government employees will be prohibited from receiving federal contracts or grants.
The ban applies to individuals who were special government employees on or after January 1, 2025, and own 5% or more of a company.
The goal is to prevent situations where officials could profit from public money through their companies.
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Status: Introduced
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Additional Information
Print number: 119_S_1365
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2025-04-09