summary
Introduced
02/06/2024
02/06/2024
In Committee
02/06/2024
02/06/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend section 3706 of title 10, United States Code, to eliminate the submission of cost and pricing data after agreeing on the contract price as a defense to contract price adjustments for defective cost and pricing data, and for other purposes.
AI Summary
This bill aims to amend Section 3706 of Title 10 of the United States Code to eliminate the defense of submitting cost and pricing data after agreeing on the contract price as a justification for contract price adjustments due to defective cost and pricing data. This change is intended to prevent prime contractors or subcontractors from avoiding responsibility for providing accurate cost and pricing data by submitting it late, after the contract price has already been agreed upon.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Referred to the House Committee on Armed Services. (on 02/06/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/7253/all-info |
| BillText | https://www.congress.gov/118/bills/hr7253/BILLS-118hr7253ih.pdf |
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