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Defense Contract Inflation Adjustment: President's Authority Extended

This act extends the President's authority to modify defense contracts due to inflation until the end of 2024. This means that companies working with the military can expect contract terms to be adjusted, aiming to ensure continuous supply and services for national defense. The direct impact on citizens' daily lives is indirect, through the stabilization of defense spending.
Key points
Extends the ability to adjust military contracts for inflation until December 31, 2024.
Allows the use of specifically provided funds for defense contract modifications.
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Status:
Expired
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Additional Information
Print number: 118_HR_6739
Sponsor: Rep. Bacon, Don [R-NE-2]
Process start date: 2023-12-13
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
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OFFICIAL LEGAL TITLE

Defense Contract Inflation Adjustment Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6739.

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 2023-12-13.

What are the main provisions?

Key points include:

  • Extends the ability to adjust military contracts for inflation until December 31, 2024.
  • Allows the use of specifically provided funds for defense contract modifications.
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. Bacon, Don [R-NE-2].

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

Security Public Investments Economy