Matt Scott
DOD Rule Incentivizes Contracting with 100% ESOP-Owned Companies
On October 10, 2024, the U.S. Department of Defense (DOD) published a final rule to amend the Defense Federal Acquisition Regulation Supplement (DFARS) to implement Section 874 of the 2022 National Defense Authorization Act (NDAA) as well as improvements contained in Section 872 of the 2024 NDAA. The rule is set to take effect on November 25, 2024.
