Sec. 5894. Additional requirements related to mitigating risks related to foreign ownership, control, or influence of Department of Defense contractors and subcontractors
302 words·~1 min read·
/bill/116/s/4049/es/section-5894A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraph
(A)of paragraph
(2)of section 847(b) of the National Defense Authorization Act for Fiscal Year 2020 ( Public Law 116–92 ) is amended by adding at the end the following new clause: A requirement for the Secretary to require reports and conduct examinations on a periodic basis of covered contractors and subcontractors in order to assess compliance with the requirements of this section. . Subparagraph
(B)of such paragraph is amended— in clause (ii), by striking ; and and inserting a semicolon; by redesignating clause
(iii)as clause (iv); and by inserting after clause
(ii)the following new clause: procedures for appropriately responding to changes in contractor or subcontractor beneficial ownership status based on changes in disclosures of their beneficial ownership relating to whether they are under FOCI and based on the reports and examinations required by subparagraph (A)(v); and . Not later than 60 days after the date of the enactment of this Act, the Secretary of Defense shall provide to the congressional defense committees a plan and schedule for implementation of the requirements of section 847 of the National Defense Authorization Act for Fiscal Year 2020 ( Public Law 116–92 ), including— a timeline for issuance of regulations, development of training for appropriate officials, and development of systems for reporting of beneficial ownership and FOCI by contractors and subcontractors; designation of officials and organizations responsible for execution; and interim milestones to be met in implementing the plan. Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall revise relevant directives, guidance, training, and policies, including revising the Defense Federal Acquisition Regulation Supplement as needed, to fully implement section 847 of the National Defense Authorization Act for Fiscal Year 2020 ( Public Law 116–92 ), as amended by this section.
Connectionstraces to 1
Traces to 1 document
public-private-law
Citation graph
cites case law
Sec. 5894
Additional requirements related to mitigating risks related to foreign ownership, control, or influence of Department of Defense contractors and subcontractors
Cites 1Cited by 0 across 0 sources