H.R. 5271 (Introduced in House) — 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.

Section 1 Reduce threshold for certified cost and pricing data

(a)

In general— Section 3702 of title 10, United States Code, is amended—

(1)

in subsection (a)—

(A)

by striking “$2,000,000” each place it appears and inserting “$750,000”; and

(B)

in paragraph (1), by striking “contract if” and all that follows and inserting the following: “contract if the price of the contract to the United States is expected to exceed $750,000.”; and

(2)

by repealing subsection (f).

(b)

Modification of prior contracts— Under subsection (a) of 3702 of title 10, United States Code, in connection with a prime contract with respect to which such subsection applies and that was entered into before the date of the enactment of this Act, the head of the agency that entered into such contract shall modify the contract as soon as practicable to reflect paragraphs (2) and (3) of such subsection, as amended by subsection (a) of this Act, without requiring consideration.

(c)

Applicability— The amendments made by subsection (a) of this Act to paragraph (1) of section 3702(a) of title 10, United States Code, shall apply only with respect to contracts entered into after the date of the enactment of this Act.

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.

Section 1 Reduce threshold for certified cost and pricing data

Cite this provision

Incoming references