Stop Pentagon Price Gouging Act
This bill requires major defense contractors to provide detailed cost and pricing data when bidding on Pentagon contracts with limited competition. It mandates annual reports showing how prices changed compared to costs, broken down by product category, and explains price increases exceeding cost growth. Contractors must justify significant profit margin changes and disclose pricing strategies, including reasons for hikes. These reports will be publicly posted online to increase transparency in defense spending.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2023
Committee Review
Floor Vote
President
Introduced Jun 30, 2023
Last action Jul 6, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jun 30, 2023
Committee
Referred to the Committee on Armed Services, and in addition to the Committee on Oversight and Accountability, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Jun 30, 2023
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Garamendi
DDemocratic
Co
Christopher R. Deluzio
DDemocratic
Co
Lloyd Doggett
DDemocratic
Co
Ro Khanna
DDemocratic
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