ESOP Language in the NDAA Could Mean Growth for Mid-Tier Firms

When Congress returns in mid-November, there are two “must pass” bills Congress will address: i) the Fiscal Year (FY) 2023 appropriations legislation and; the FY23 National Defense Authorization Act (NDAA). Congress must pass annual government spending bills each fiscal year, or the government shuts down. The current CR “continuing resolution” expires