Blank Rome – The Department of Defense (DoD) released a proposed rule on May 7, 2026, that would significantly expand Foreign Ownership, Control, and Influence (FOCI) and beneficial ownership disclosure requirements beyond cleared contractors to a much broader segment of the Defense Industrial Base. Soon, any contractor or subcontractor with a DoD contract exceeding five million dollars will need to report its FOCI status in the National Industrial Security System.
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DoD Seeks “Unprecedented Level of Visibility” into the Supply Chain Under Newly Proposed Regulations
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