To amend section 3702 of title 10, United States Code, to reduce the dollar threshold for requiring certified cost and pricing data, and for other purposes.

HR 5271 lowers the dollar threshold requiring defense contractors to submit certified cost and pricing data from $2 million to $750,000 for new contracts. This directly affects contractors winning U.S. government defense contracts exceeding $750,000, mandating they provide verified cost information. The bill amends Title 10, U.S. Code, by revising Section 3702(a) to reflect the new threshold and repeals an outdated subsection. Existing contracts below the new threshold won't be retroactively affected, but agencies must modify eligible contracts entered before enactment to apply the updated rule.