Business declares war on Pentagon stock buyback, dividend restrictions moving in Senate

Big businesses are pushing back against new Senate restrictions that would limit stock buybacks and dividends for Pentagon contractors, arguing the changes could hurt their financial stability. These provisions, spearheaded by Sen. Elizabeth Warren, were included in the National Defense Authorization Act and have sparked intense lobbying efforts from industry groups. This move highlights the ongoing tension between corporate interests and legislative efforts to rein in executive branch spending practices, with implications for both defense contracts and broader financial regulations.