New Rules for Military Contracts: Stopping Price Gouging
This law aims to prevent excessive pricing by companies selling goods and services to the military. It requires more transparency from large contractors about their costs and profits and changes how the government determines fair prices. It also creates incentives for contractors who perform well and support small businesses.
Key points
Makes it harder for companies to avoid showing their costs when selling to the military.
Requires large military contractors to publicly report detailed financial information, including price changes and profits.
Introduces penalties for companies that hide required financial information.
Changes how the military pays contractors during a project, rewarding those who meet deadlines and support small businesses.
Expired
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