This bill prohibits the Secretary of Defense from entering into (or continuing) contracts for payment processing equipment, systems, or services with retailers that use certain "covered" payment equipment or services. The Secretary must finish a review of retailers within 180 days to determine use of covered equipment, then issue guidance within 90 days after the review that requires modification or termination of contracts unless a retailer stops using the covered equipment. The prohibition on new contracts takes effect January 1, 2027. The Secretary must send a report to the House and Senate Armed Services Committees within one year. The bill defines "countries of concern" to include China, Russia, the Islamic Republic of Iran, North Korea, and any other country the Secretary designates. "Covered" equipment or services include payment processing hardware, software, firmware, source code, or processors that are developed, provided, owned, controlled, or operated by entities tied to those countries or their subsidiaries or affiliates.
No publicly available information on estimated costs, budgetary effects, or funding in the bill text or metadata provided.
No publicly available information in the bill text on proponents' statements or detailed reasons beyond the bill's text and title. The bill was introduced by the listed sponsors to implement the review, guidance, prohibition, and reporting requirements described above.
No publicly available information in the bill text on opponents' statements or objections.