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Lawmakers Work to Prevent Military Price Gouging

Military contractors have long price gouged to make excessive profits. But Congress can intervene. Lawmakers should retain in the final annual defense policy bill, a provision to tie financial incentives to contractor performance and transparency. ....

Elizabeth Warren , Joe Biden , Progress Payment Incentive Pilot Program , National Defense Authorization Act , Department Of Defense , Senate Armed Services Committee , Defense Authorization Act , President Joe Biden , Progress Payment Incentive , Senator Elizabeth Warren , Representative John Garamendi , Stop Price Gouging , Military Act ,

Bicameral Bill Proposes Revising the Definitions of Commercial Product and Adequate Price Competition, Other Strategies Targeted at Perceived Price Gouging by DOD Contractors | Wiley Rein LLP

WHAT: Sen. Elizabeth Warren (D-MA) and Rep. John Garamendi (D-CA) introduced the “Stop Price Gouging the Military Act” as S. 4374 and H.R. 8007, respectively, to prevent perceived price. ....

Elizabeth Warren , Us Department Of Defense , Progress Payment Incentive Pilot Program , John Garamendi , Price Gouging , Negotiations Act , Truthful Cost , Pricing Data Act , Payment Incentive Pilot Program ,