S 1365
No Federal Payments to Companies Controlled by Special Government Employees Act of 2025
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill aims to prevent the federal government from awarding contracts, grants, or payments to companies where individuals who are currently considered ‘special Government employees’ hold significant ownership. It establishes a restriction, effective January 1, 2025, requiring these individuals to cease their government employment and remain without ownership interest for 365 days before the government can engage with the company. The bill defines key terms like ‘company,’ ‘covered beneficial owner,’ and ‘special Government employee’ to ensure clarity in its application. It’s intended to reduce potential conflicts of interest and ensure government funds aren't directed to entities controlled by individuals with government ties.
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