WASHINGTON, Aug. 11 -- Sen. Elizabeth Warren issued the following press release:
U.S. Senators Elizabeth Warren (D-Mass.) and Mike Lee (R-Utah) published a new bipartisan analysis revealing the success of recent efforts to restrict defense contractor stock buybacks and urged Secretary of Defense Pete Hegseth to codify this progress into law by supporting the lawmakers' bipartisan Prioritizing the Warfighter in Defense Contracting Act. The lawmakers introduced the bill following President Donald Trump's Prioritizing the Warfighter in Defense Contracting executive order, which restricts companies' stock buybacks and distributions if they are not meeting the Department of Defense's (DoD) performance needs.
"The Pentagon is handing companies...