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New NDAA Provision Shines a Bright Spotlight on ESOPs
The 2022 National Defense Authorization Act offers a new reason for government contractors to consider employee stock ownership plans (ESOPs). The legislation’s Section 874 creates a five-year pilot program that enables 100% employee-owned, DoD contractors to receive sole-source follow-on contracts. It’s the first federal program to single-out ESOP-owned companies for contract advantages.