In CommitteeFiled Mar 20, 2026
Sponsor: Rep. Waters, Maxine [D-CA-43] (D)
Latest Action
Referred to the House Committee on Financial Services.
Mar 20, 2026
Summary
The bill changes the Defense Production Act so that any company in which the President, Vice President, a DPA Committee member, or their close family own at least 20% cannot receive DPA assistance. It also lifts monetary penalties from $10,000 to $100,000 and requires new fraud‑risk management procedures. The changes aim to prevent conflicts of interest, deter misconduct, and improve oversight of DPA programs.
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