Elizabeth Warren: “If our bill is signed into law, it basically says, here's…”

“That has turned out to be a very profitable model for some of the defense contractors. And what our bill says is no more. No more the Defense Department going forward. If our bill is signed into law, it basically says, here's the deal. You negotiate the price to buy the thing, and if the thing breaks, we may fix it ourselves. We may go to another small business, a startup, some guy who set up shop to be able to fix just that kind of thing.” (03:13–03:25)

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