Stop Pentagon Price Gouging Act
This act aims to prevent price gouging by Department of Defense contractors. It introduces new rules for disclosing costs and prices, and changes the definition of "commercial item" to ensure fairer pricing. For citizens, this means potentially better use of taxpayer money and greater transparency in defense spending.
Key points
Increased Transparency: Companies working with the Department of Defense will need to disclose more cost and pricing data to prevent price gouging.
New Payment Rules: A pilot program will reward companies for quickly providing cost information, encouraging fair pricing practices.
Changed "Commercial Item" Definition: Amendments to the definition aim to ensure the Department of Defense pays fair prices for widely available goods and services.
Annual Reporting: Large defense contractors will be required to annually report detailed data on price changes, margins, and pricing strategies, increasing public oversight.
Expired
Citizen Poll