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Senate language targets Pentagon stock buybacks and dividend limits
The provision backed by Sen. Elizabeth Warren was inserted into the National Defense Authorization Act with bipartisan support, affecting how certain defense firms can return capital.
A Senate provision would limit stock buybacks and dividends tied to Pentagon-related contracting and ownership, according to CNBC Markets.
The measure was pushed by Sen. Elizabeth Warren, D-Mass., and was ultimately included in the National Defense Authorization Act on a bipartisan basis.
The change is designed to restrict certain capital return practices for companies connected to defense activities, as the NDAA moves through the legislative process.
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