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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."
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Status:
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