Bill > S2809

This bill, known as the Transparency in Contracting Act of 2025, requires contractors who have noncompetitive government contracts to report significant price increases to the relevant contracting officer within 30 days. Specifically, contractors must report price increases that are either 25 percent higher than the original contract bid price or the previous year's price, or 50 percent higher than the price paid five years earlier. The bill applies to contracts awarded without competitive bidding, as defined by specific federal acquisition regulations. Additionally, the bill mandates that the Defense Contract Audit Agency or service acquisition executives report instances of contractor noncompliance with these reporting requirements to the Federal Awardee Performance and Integrity Information System (FAPIIS), a database within the System for Award Management. The reported information will include details about contractors who fail to report price increases, audit findings of noncompliance, and specific information about unreported price increases such as the product's National Stock Number, order quantity, unit cost, total cost, purchasing entity, and order date. The goal of this legislation is to increase transparency and accountability in government contracting by requiring timely disclosure of significant price changes.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/2809/all-info