Defense Contract Inflation Adjustment Act of 2023

Bill: 118-hr-6739
Sponsor: full_name: Rep. Bacon, Don [R-NE-2]
Introduced: 2023-12-13
Policy area: Armed Forces and National Security
Latest action: action_date: 2023-12-13
text: Referred to the House Committee on Armed Services.

Summaries:

tv_txt: I 118th CONGRESS 1st Session H. R. 6739 IN THE HOUSE OF REPRESENTATIVES December 13, 2023 Mr. Bacon introduced the following bill; which was referred to the Committee on Armed Services A BILL To modify and extend the temporary authority of the President to modify certain contracts and options based on the impacts of inflation, and for other purposes.

1. Short title This Act may be cited as the Defense Contract Inflation Adjustment Act of 2023 . 2. Modification and extension of temporary authority to modify certain contracts and options based on the impacts of inflation Section 1 of Public Law 85–804 ( 50 U.S.C. 1431 ) is amended— (1) in subsection (b), by adding at the end the following new sentence: If any such amounts are so specifically provided, the Secretary may use them for such purposes. ; and (2) in subsection (e), by striking December 31, 2023 and inserting December 31, 2024 .