What does Preamble of DPA Transparency Act of 2026 do?

This bill proposes amendments to the Defense Production Act of 1950. The amendments aim to limit eligibility for assistance. The bill intends to increase monetary penalties. It also seeks to establish fraud risk management processes.

What does SHORT TITLE. of DPA Transparency Act of 2026 do?

This bill is formally titled the DPA Transparency Act of 2026.

What does LIMITATION ON ELIGIBILITY FOR ASSISTANCE. of DPA Transparency Act of 2026 do?

This section amends Title III of the Defense Production Act of 1950. It establishes a limitation on eligibility for assistance under the title. A 'covered entity' is ineligible for assistance. A 'covered entity' is defined as an entity in which a 'covered individual' holds a 'significant interest'. A 'covered individual' includes the President, Vice President, members of the Defense Production Act Committee, and their immediate family. A 'significant interest' is defined as owning, controlling, or holding not less than 20 percent of an entity's equity interest. The definition of 'equity interest' includes shares, capital/profit interests, and certain warrants or rights.

What does ENHANCED MONETARY PENALTIES. of DPA Transparency Act of 2026 do?

This section amends the Defense Production Act of 1950. Section 103 of the Act has its monetary penalty increased from $10,000 to $100,000. Section 705 of the Act has its monetary penalty increased from $10,000 to $100,000. Section 710(f) of the Act has its monetary penalty increased from $10,000 to $100,000.

What does FRAUD RISK MANAGEMENT. of DPA Transparency Act of 2026 do?

This section amends Section 722 of the Defense Production Act of 1950. The amendments require the Committee to include a summary of steps taken to reduce fraud and a fraud risk assessment in reports. The Committee must establish and implement fraud risk management processes based on the Comptroller General's framework (GAO-15-593SP). Personnel within the Committee must be trained on these standards and practices. A point of contact within the Committee will be designated to manage fraud-related issues and coordinate with agencies.

What does SHORT TITLE CORRECTION. of DPA Transparency Act of 2026 do?

This section amends the Defense Production Act of 1950. The amendment involves striking 'cited as ``the Defense'' and inserting ``cited as the ``Defense'' in the first undesignated section of the Act.

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DPA Transparency Act of 2026

Last updated: 3/20/2026 · Introduced: 3/20/2026

Author: Maxine Waters (D-CA)

TL;DR (AI)

This bill restricts Defense Production Act assistance eligibility for entities with significant ownership ties to high-ranking government officials, including the President and Vice President.
The bill increases monetary penalties for violations of specific sections of the Defense Production Act from $10,000 to $100,000.
This legislation mandates the Defense Production Act Committee to establish fraud risk management processes, conduct fraud risk assessments, and provide training to personnel.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 4 more.

6 sections

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