Bill > HR5176

This bill, called the "Defense Industry Pricing Transparency Act," requires defense contractors to report significant price increases on certain government contracts. Specifically, contractors must submit a report to the contracting officer within 30 days if the price of a product or service increases by 25% compared to the original contract bid, 25% more than the government paid in the previous calendar year, or 50% more than the price paid in the five years prior to the contract. If a contractor fails to submit this required report, the Defense Contract Audit Agency or service acquisition executive will record detailed information about the contractor and the product or service in the Federal Awardee Performance and Integrity Information System. The bill applies to contracts awarded through non-competitive procedures, which means contracts that are not openly bid on by multiple contractors. The goal of this legislation appears to be increasing transparency and accountability in defense contract pricing to prevent potentially excessive or unjustified price increases.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/5176/all-info