Bill · S. 1365· Senate(119-S-1365)
No Federal Payments to Companies Controlled by Special Government Employees Act of 2025
Age: 79 years
New Hampshire
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- Jeanne Shaheen
- Cosponsors
- - 1 - 0
Government Operations and Politics
- Introduced
- In Committee
What this bill would do
This bill, titled the "No Federal Payments to Companies Controlled by Special Government Employees Act of 2025," aims to prohibit certain payments to specific companies. It prevents executive agencies from awarding contracts, grants, cooperative agreements, or related payments to companies owned by certain individuals. These individuals are defined as covered beneficial owners who served as special Government employees on or after January 1, 2025. An exception exists if the owner immediately ceases being a special Government employee and remains out of that role for 365 days following the Act's enactment.
Who it would affect, and how
Potential Positive Impacts for People
- Prevention of payments to specific companies: Under Section 2(a), executive agencies are prohibited from awarding contracts, grants, or cooperative agreements to companies where a covered beneficial owner was a special Government employee on or after January 1, 2025. This creates a restriction on how federal funds are distributed to these specific entities.
Potential Negative Impacts for People
- Restrictions on federal funding: According to Section 2(a), an executive agency may not award a contract, grant, or cooperative agreement, or make any payment related to such an agreement, to a company owned by a covered beneficial owner who was a special Government employee on or after January 1, 2025. This could impact companies that meet the definition of a "covered beneficial owner" under Section 2(b)(2), which includes individuals owning 5 percent or more of a company's equity securities.
- 9/3/2025
- 1 Cosponsor added.
- 4/9/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Introduced in Senate
Angela AlsobrooksDemocrat · Maryland