Transparency in Contracting Act of 2025
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This bill aims to increase transparency in government contracting by requiring offerors to report significant price increases on contracts awarded without competition. Specifically, it mandates reporting when prices rise by 25% or 50% compared to previous years’ costs. The bill also requires the Defense Contract Audit Agency and relevant service acquisition executives to track and report contractors’ noncompliance with these reporting requirements in the FAPIIS system.
Key provisions
- Offerors must report price increases on contracts awarded without competition.
- Price increases must be 25% or 50% above previous year’s costs.
- Reporting is required within 30 days of becoming aware of the increase.
- The bill defines ‘covered contract’ as those awarded without competition.
- The FAPIIS system will track contractor noncompliance.
- Audit findings regarding noncompliance will be included in FAPIIS.
- Specific details of unreported price increases (NSN, quantity, cost) will be recorded in FAPIIS.
Who is affected
- Government contractors
- Offerors submitting bids
- Contracting officers
- The Defense Contract Audit Agency
- Federal agencies
Notable changes
- Requires reporting of price increases above specific thresholds.
- Establishes a mechanism for tracking and reporting contractor noncompliance in FAPIIS.
Bill text
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Sponsors
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4 on record
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Cosponsors
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