Department of Defense Ethics and Anti-Corruption Act of 2023

The Department of Defense Ethics and Anti-Corruption Act of 2023 strengthens ethics rules and increases transparency in defense contracting. It requires defense contractors to report on former Department of Defense officials they hire, extends the "revolving door" waiting period from 2 to 4 years for certain hires, and prohibits DoD officials from owning or trading stocks in companies receiving significant defense contracts. The bill also mandates contractors to publicly disclose financial information including executive compensation over $250,000, political spending, and contract performance records. These provisions directly affect defense contractors, former DoD employees, and current DoD officials, aiming to reduce conflicts of interest and improve accountability in defense spending.