S 3811

The American Business for American Companies Act of 2026 aims to prioritize U.S. businesses by prohibiting the federal government from awarding contracts to ‘inverted domestic corporations.’ These corporations, formed through complex financial transactions, are defined as those where a U.S. company acquires a foreign entity, and a majority of the stock is then held by the original U.S. shareholders or by management and control is primarily located in the United States. The bill also includes provisions to ensure subcontractors aren’t used to circumvent these restrictions and establishes a waiver process for national security or public health reasons.