HR 5651
97th Congress
House
Armed Forces and National Security
Defense contracts
Defense procurement
Department of Defense
National Security and Intelligence Operations
Public Contracts, Procurement, and Property
Renegotiation Act Amendments of 1981
Introduced: March 1, 1982
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 1982
Subcommittee Hearings Held.
Mar 15, 1982
Referred to Subcommittee on General Oversight and Renegotiation.
Mar 1, 1982
Referred to House Committee on Banking, Finance and Urban Affairs.
Mar 1, 1982
Introduced in House
Plain-English summary
Renegotiation Act Amendments of 1981 - Reinstates until September 30, 1986, the Renegotiation Act of 1951 (providing for review of defense contractors' profits).
Makes the Act inapplicable to amounts received by contractors from October 1, 1976, through the date of enactment.
Requires renegotiation to be conducted by division and major product line, rather than by total aggregate sales.
Increases from $1,000,000 to $5,000,000 the aggregate fiscal year renegotiable sales amount which makes contractors and subcontractors covered by the Act.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2
Cosponsors
1