Weekly Washington Policy Pulse: Dividend Restrictions, New Tariffs (July 20, 2026)
A look at the National Defense Authorization Act -- which could be voted upon by the House of Representatives this week -- led Bloomberg Intelligence's July 20 Washington Policy Pulse -- with a highlight of a Senate provision that would prohibit firms that contract with the Department of Defense from conducting stock buybacks or pay dividends. We think that the language, as written, could -- subject to liberal interpretation -- could apply to more firms than just defense contractors. We also previewed what the US Trade Representative may do later this week as the deadline for President Donald…
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