Best Price for Our Military Act of 2024

Bill: 118-hr-7253
Sponsor: full_name: Rep. Deluzio, Christopher R. [D-PA-17]
Introduced: 2024-02-06
Policy area: Armed Forces and National Security
Latest action: action_date: 2024-02-06
text: Referred to the House Committee on Armed Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 7253 IN THE HOUSE OF REPRESENTATIVES February 6, 2024 Mr. Deluzio (for himself and Mr. Moylan ) introduced the following bill; which was referred to the Committee on Armed Services 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.

1. Short title This Act may be cited as the Best Price for Our Military Act of 2024 . 2. Elimination of late cost and pricing data submission defense Section 3706(c) of title 10, United States Code, is amended— (1) in paragraph (3) by striking or at the end; (2) in paragraph (4) by striking the period and inserting ; or ; and (3) by adding at the end the following: (5) the cost or pricing data were submitted by the prime contractor or subcontractor after the date of agreement on the price of the contract (or price of the modification) or, if applicable consistent with subsection (a)(2), such other date agreed upon between the parties. .