U.S. President Joe Biden's administration is preparing an overhaul of arms export policy to increase the emphasis on human rights, a departure from former President Donald Trump's prioritization of economic benefits to U.S. defense contractors, four people familiar with the initiative said.

Defense companies and activists scrutinize such policies for insight into the administration's posture as it balances the commercial interests of exporters like Lockheed Martin Co. and Raytheon Technologies against the country's stated commitment to human rights.

Two State Department deputy assistant secretaries will brief congressional staff on Biden's draft Conventional Arms Transfer (CAT) Policy on Friday, said two of the people familiar with the situation, with a formal unveiling expected as soon as September.