HR-7253 : Still Just a Bill

The "Best Price for Our Military Act of 2024" (H.R. 7253) aims to amend Title 10 of the United States Code, specifically Section 3706, to modify the conditions under which the government can adjust contract prices due to defective cost and pricing data.

• The bill seeks to eliminate the defense that a contractor or subcontractor submitted cost or pricing data after the contract price had already been agreed upon as a reason to prevent contract price adjustments.
• In essence, even if cost or pricing data is submitted after an agreement on the contract price, this bill, if enacted, would allow the government to adjust the contract price if that data is found to be defective.