Critical Defense Ownership Review Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Jun 10, 2026
What it does
The Critical Defense Ownership of major defense suppliers, requiring prior review by the Department of Defense for any transaction resulting in an investment company holding at least a 25% equity interest or control. It mandates premerger notifications to the DoD, which must assess impacts on national security, competition, supply chain stability, and financial risks before reporting findings to antitrust authorities. The bill also establishes a triennial review process by the Assistant Secretary of Defense for Industrial Base Policy to evaluate merger and acquisition activity’s effects on the defense industrial base and report findings to congressional defense committees.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.