Critical Defense Ownership Review Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Jun 11, 2026
What it does
The Critical Defense Ownership Review Act would require investment companies to obtain prior review from the Department of Defense before acquiring a controlling interest (25% or more equity stake or control) in major defense suppliers, including prime contractors for major defense systems. The bill mandates premerger notifications to the DoD, which must assess national security impacts, competition effects, supply chain risks, and financial stability of both the supplier and the investment company, with findings reported to antitrust authorities within 30 days. It also establishes a triennial review by the Assistant Secretary of Defense for Industrial Base Policy to evaluate merger and…
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
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Where it goes next
While a bill can still move, the questions are about people and money.