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Stop Military Price Gouging: New Procurement Rules

This act aims to prevent price gouging in military contracts by introducing new rules for cost transparency and competition. Citizens may indirectly benefit from more efficient use of taxpayer money for defense.
Key points
Increased Price Transparency: Companies must disclose more cost data, especially when there's only one bidder.
Enhanced Competition: Requires at least two competitive offers for most contracts to prevent monopolies.
Contractor Incentive Program: The military can make faster payments to companies that meet deadlines, support small businesses, and are transparent.
Revised "Commercial Item" Definition: Makes it harder for companies to avoid price scrutiny by classifying products as "commercial."
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_8007
Sponsor: Rep. Garamendi, John [D-CA-3]
Process start date: 2022-06-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Price Gouging the Military Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8007.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-06-09.

What are the main provisions?

Key points include:

  • Increased Price Transparency: Companies must disclose more cost data, especially when there's only one bidder.
  • Enhanced Competition: Requires at least two competitive offers for most contracts to prevent monopolies.
  • Contractor Incentive Program: The military can make faster payments to companies that meet deadlines, support small businesses, and are transparent.
  • Revised "Commercial Item" Definition: Makes it harder for companies to avoid price scrutiny by classifying products as "commercial."
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Garamendi, John [D-CA-3].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR E607)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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