HR 4409 United States House · 118th Congress

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