Bill > HR8007

This bill, the Stop Price Gouging The Military Act, aims to prevent price gouging at the Department of Defense (DoD). It proposes several key provisions: 1. It amends the Truth in Negotiations Act (TINA) to require certified cost or pricing data for contracts that are expected to have only one offeror or are for cost-reimbursement contracts, regardless of the number of offers received. It also revises the exceptions to TINA to require adequate price competition resulting in at least two responsive and viable competing offerors. 2. It modifies the definition of "commercial item" in federal procurement statutes, eliminating the "of a type" criterion and the inclusion of items and services merely offered for sale, lease, or license. 3. It establishes a pilot program called the "Progress Payment Incentive Pilot Program" to incentivize DoD contractors to meet certain goals, such as contract delivery dates, responsiveness to data requirements, small business contracting, and subcontracting opportunities for AbilityOne contracts. The program limits progress payments to large contractors and provides additional payment increases for meeting these goals.