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Lower Cost Data Threshold for Government Contracts

New rules reduce the amount at which companies must provide detailed cost and pricing data when contracting with the government. This aims to increase transparency in public spending and improve oversight of how taxpayer money is spent, potentially leading to more efficient use of public funds.
Key points
Companies with government contracts exceeding $750,000 (previously $2,000,000) will now need to provide detailed cost and pricing data.
Some existing contracts will also be modified to reflect these new requirements without additional cost.
The goal is to enhance oversight of government spending and ensure taxpayer money is spent fairly and efficiently.
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Status:
Expired
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Additional Information
Print number: 118_HR_5271
Sponsor: Rep. Deluzio, Christopher R. [D-PA-17]
Process start date: 2023-08-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend section 3702 of title 10, United States Code, to reduce the dollar threshold for requiring certified cost and pricing data, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5271.

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 2023-08-25.

What are the main provisions?

Key points include:

  • Companies with government contracts exceeding $750,000 (previously $2,000,000) will now need to provide detailed cost and pricing data.
  • Some existing contracts will also be modified to reflect these new requirements without additional cost.
  • The goal is to enhance oversight of government spending and ensure taxpayer money is spent fairly and efficiently.
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. Deluzio, Christopher R. [D-PA-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Armed Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Public Investments Economy