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HR 3444 104th Congress House Armed Forces and National Security Commerce Congress Congressional investigations Congressional reporting requirements Corporate downsizing Corporate mergers Corporate reorganizations Cost accounting Cost control Costs Defense contracts Defense industries Finance and Financial Sector Government Operations and Politics Government contractors Labor and Employment Labor statistics Layoffs

To amend section 818 of the National Defense Authorization Act for Fiscal Year 1995 to repeal certain provisions and revise certain reporting requirements relating to payment of restructuring costs under defense contracts.

Introduced: May 10, 1996 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 1996
Favorable Executive Comment Received from DOD.
May 22, 1996
Executive Comment Requested from DOD.
May 10, 1996
Referred to the House Committee on National Security.
May 10, 1996
Introduced in House
 Plain-English summary Congressional Research Service

Amends the National Defense Authorization Act for Fiscal Year 1995 to: (1) repeal a requirement prohibiting the Secretary of Defense from paying restructuring costs associated with a business combination (merger or acquisition) undertaken by a defense contractor until a review or certification with respect to possible cost savings achieved by such business combination is completed by the Department of Defense (DOD); (2) eliminate a 1997 reporting requirement concerning such possible savings; (3) include new information for determining such savings; (4) require the Comptroller Generally to report quarterly (currently, periodically) on the implementation of DOD policy regarding defense industry restructuring; and (5) require the final report of the Comptroller General on December 1, 1996 (currently, 1997).

What's happening now June 13, 1996

Favorable Executive Comment Received from DOD.

 Committees of jurisdiction 1