Sec. 872. Extension of pilot program to incentivize contracting with employee-owned businesses
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/bill/118/hr/2670/enr/section-872·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 874 of the National Defense Authorization Act for Fiscal Year 2022 ( 10 U.S.C. 3204 note) is amended— in subsection (b)— in paragraph (1), by inserting and prescribe regulations after establish a pilot program ; in paragraph (2)— by inserting or for after services procured by ; and by inserting or for after may be procured by ; and in paragraph (3), by striking A qualified and inserting Each contract held by a qualified ; in subsection (c)(2), by striking expended on subcontracts, subject to such necessary and reasonable waivers and inserting the following: expended on subcontracts, except— to the extent subcontracted amounts exceeding 50 percent are subcontracted to other qualified businesses wholly-owned through an Employee Stock Ownership Plan; in the case of contracts for products, to the extent subcontracted amounts exceeding 50 percent are for materials not available from another qualified business wholly-owned through an Employee Stock Ownership Plan; or pursuant to such necessary and reasonable waivers ; and in subsection (e), by striking five years after and inserting eight years after .
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Sec. 872
Extension of pilot program to incentivize contracting with employee-owned businesses
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