Prohibit Pentagon Profiteering Act

The Prohibit Pentagon Profiteering Act (HR 5120) changes a rule restricting Department of Defense officials from owning or trading stocks in defense companies. It replaces the current standard - which applied only to the top 10 Pentagon contractors over five years - with a new threshold: any company receiving over $1 billion in Pentagon revenue during the previous calendar year. This update would expand the scope of companies subject to the restriction, affecting more defense contractors regardless of their ranking. The bill directly impacts Pentagon officials covered by the existing stock ownership rules, altering which companies they cannot invest in.