Defense Industry Pricing Transparency Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the Defense Industry Pricing Transparency Act, aims to increase transparency in the prices paid for goods and services used by the Department of Defense. It requires companies bidding on contracts to report any price increases that exceed certain thresholds, such as 25% above the original bid price or previous government payments. The information reported will be tracked in a federal database to monitor potential price gouging and ensure fair pricing practices. This legislation focuses on contracts not awarded through competitive bidding processes.
Key provisions
- Requires offerors to report price increases for covered contracts.
- Price increases must exceed 25% of the original bid price.
- Price increases must exceed 25% of the government’s previous payment for the item.
- Price increases must exceed 50% of the government’s previous payment for the item.
- Reports must be submitted within 30 days of becoming aware of the increase.
- Non-compliance will be recorded in the Federal Awardee Performance and Integrity Information System.
- The bill applies to contracts not awarded through competitive bidding.
Who is affected
- Defense contractors
- The Department of Defense
- Government agencies
- Offerors bidding on defense contracts
- Federal Acquisition Regulation users
Notable changes
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours