S. 4547 aims to ban the U.S. federal government from awarding contracts to "inverted domestic corporations," which are companies that move their headquarters overseas while maintaining control in the U.S. These restrictions apply to both civilian and defense contracts, and...
Simple Explanation
S. 4547 is a rule that stops the U.S. government from giving money to companies that pretend they're from another country but still mainly work in America, unless there's a really good reason like national security.