DPA Transparency Act of 2026

This bill, the DPA Transparency Act of 2026, restricts financial assistance under the Defense Production Act of 1950 to companies owned or controlled by high-level government officials and their immediate family members. It defines a "covered entity" as one where the President, Vice President, Defense Production Act Committee members, or their spouses, children, or in-laws hold at least 20 percent equity interest. The legislation also increases monetary penalties for violations from $10,000 to $100,000 and requires the Defense Production Act Committee to implement fraud risk management procedures based on established government guidelines. Additionally, the bill mandates that the Committee train staff on fraud prevention and designate a specific point of contact to oversee fraud-related issues.