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An amendment to the 2012 Defense Authorization Bill, passed by the Senate last week, caps taxpayer-funded compensation for all contracting employees at $400,000. Senate sponsors of the measure say the measure is designed to head off burgeoning defense contractor salaries. Federal employee unions have applauded the bill, but it has drawn the ire of industry groups. The Senate version of the defense bill, which contains controversial provisions dealing with military detainees, must still be reconciled with a House version before becoming law.
Talking to their federal customers is a critical part of a contractor's job. But under the STOCK Act — short for Stop Trading on Congressional Knowledge — could make that more difficult. Trey Hodgkins, the senior vice president for National Security and Procurement Policy at TechAmerica, joined In Depth with Francis Rose to discuss the proposal.