{"id":745,"date":"2026-06-29T14:12:54","date_gmt":"2026-06-29T14:12:54","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=745"},"modified":"2026-06-29T14:12:54","modified_gmt":"2026-06-29T14:12:54","slug":"u-s-chamber-of-commerce-lobbies-against-defense-stock-buyback-proposal","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=745","title":{"rendered":"U.S. Chamber of Commerce Lobbies Against Defense Stock Buyback Proposal"},"content":{"rendered":"
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Twenty business groups, led by the U.S. Chamber of Commerce, are lobbying to block a bipartisan proposal that would restrict stock buybacks by the largest Pentagon contractors.<\/p>\n

Read more Luis Garc\u00eda Jr. Won\u2019t Stop Homering<\/a><\/p>\n

The effort pits major players in the business community against an idea with buy-in from progressives, populist Republicans and President Donald Trump, who have said they\u2019re frustrated with the pace of weapons production and questioned whether corporate profits are prioritized ahead of military readiness.<\/p>\n

The lobbying push comes as the House Rules Committee prepares to consider Monday evening whether the proposal, which is one of 1,300 amendments offered, will get a vote when the House takes up its annual defense policy bill this week.<\/p>\n

A coalition that includes the chamber, Business Roundtable, National Association of Manufacturers and the Aerospace Industries Association argued that the provision in the defense policy bill would hurt investors, discourage companies from doing business with the government and set a \u201ctroubling precedent\u201d for federal meddling in corporate decision-making.<\/p>\n

\u201cThis amendment raises serious concerns about an unprecedented expansion of the federal government\u2019s role in restricting lawful corporate governance and capital allocation decisions made by businesses,\u201d the groups wrote in a letter sent Friday to the House Rules Committee and shared with NOTUS.<\/p>\n

Punchbowl was first to report on it<\/u><\/span>.<\/p>\n

\u201cThe amendment would also impose new uncertainty, compliance burdens, and unnecessary bureaucracy at precisely the wrong time for the defense industrial base,\u201d the letter added. \u201cCongress and the [Pentagon] have spent years working to attract more commercial firms, technology companies, venture capital, and private investment into the defense sector in order to accelerate innovation and strengthen national security capabilities.\u201d<\/p>\n

Reps. Chris Deluzio (D-Pennsylvania) and John Garamendi (D-California) offered an amendment that would bar certain contractors that get most of their business from the Pentagon from repurchasing their own shares while holding Defense Department contracts without a waiver from the defense secretary.<\/p>\n

Read more A U.S. Official Says Peace Talks Are Ongoing After Iran Claims They Canceled<\/a><\/p>\n

Supporters of the proposal say the restrictions are needed because major defense contractors have struggled to deliver weapons on time and have spent billions of dollars rewarding shareholders instead of investing more aggressively in factories and production capacity.<\/p>\n

The broader idea has gained ground in Congress. The Senate Armed Services Committee this month approved a provision championed by Sens. Elizabeth Warren (D-Massachusetts), Josh Hawley (R-Missouri) and Mike Lee (R-Utah) that would go even further than the House proposal. It would bar the Pentagon from signing contracts with companies that buy back stock, pay dividends or make other capital distributions unless they obtain a waiver tied to a qualifying defense investment plan.<\/p>\n

The senators said the five largest defense contractors have spent more than $100 billion on stock buybacks and dividends since 2020 \u2014 more than twice what they spent on capital expenditures.<\/p>\n

That proposal closely tracks Trump\u2019s executive order in January, which accused some contractors of putting investor profits ahead of warfighting capacity and readiness. It directed the Pentagon to restrict buybacks, dividends and executive incentive pay for contractors the Pentagon determines to be underperforming, failing to invest enough or producing too slowly.<\/p>\n

Deluzio\u2019s amendment takes a different approach. It would apply to a narrower group of contractors that get most of their revenue from the Pentagon and more than $100 million annually from Pentagon contracts, and it addresses only stock buybacks.<\/p>\n

In a separate letter to House Armed Services Committee leaders, the Aerospace Industries Association, the sector\u2019s largest trade group, argued that defense companies are already investing heavily in workers and manufacturing capacity. It warned that the amendment would \u201cundermine our shared priority of accelerating defense production and expanding the defense industrial base.\u201d<\/p>\n

Read more How an Industry That Runs on Pesticides Won Over RFK Jr.<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Twenty business groups argue the restriction would be an \u201cunprecedented expansion of the federal government’s role.\u201d<\/p>\n","protected":false},"author":1,"featured_media":744,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-congress"],"yoast_head":"\nU.S. Chamber of Commerce Lobbies Against Defense Stock Buyback Proposal - Modern Home Journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernhomejournals.com\/?p=745\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Chamber of Commerce Lobbies Against Defense Stock Buyback Proposal - Modern Home Journals\" \/>\n<meta property=\"og:description\" content=\"Twenty business groups argue the restriction would be an \u201cunprecedented expansion of the federal government's role.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/modernhomejournals.com\/?p=745\" \/>\n<meta property=\"og:site_name\" content=\"Modern Home Journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-29T14:12:54+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"headline\":\"U.S. Chamber of Commerce Lobbies Against Defense Stock Buyback Proposal\",\"datePublished\":\"2026-06-29T14:12:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745\"},\"wordCount\":645,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/9fad419b6dfbd35c3044cad1811514b7-scaled.jpg\",\"articleSection\":[\"Congress\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745\",\"name\":\"U.S. Chamber of Commerce Lobbies Against Defense Stock Buyback Proposal - Modern Home Journals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/9fad419b6dfbd35c3044cad1811514b7-scaled.jpg\",\"datePublished\":\"2026-06-29T14:12:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=745\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=745#primaryimage\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/9fad419b6dfbd35c3044cad1811514b7-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/9fad419b6dfbd35c3044cad1811514b7-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"Defense Secretary Pete Hegseth speaks to members of the media during a press briefing at the Pentagon in Washington, Tuesday, March 31, 2026. 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