Given the department’s demonstrated opposition to sweeping price adjustments, and its slow progress in finalizing rules passed by Congress years ago, the Pentagon might not turn its attention to this bailout until inflation comes down and the issue is moot. Even then, the law only authorizes contract price increases but does not require them. Hopefully, the Biden administration will reject this unprecedented and wasteful expenditure of taxpayer funds.
Regardless, House and Senate negotiators pulled a fast one on inflation relief in the final annual defense policy bill. They advanced an unjustified financial bailout that contradicted Pentagon guidance and circumvented congressional deliberation, ensuring companies will cry wolf about inflation while potentiallydue to standard financial risks of performing fixed-price contracts.
The authorization to increase Pentagon contract prices without evidence of inflation impact is a terrible setback for transparent policymaking, at best. At worst, it offers contractors profit insurance.We’re proud to publish real news 365 days of the year, completely free of charge to our readers.
Source: Law Daily Report (lawdailyreport.net)
Congress must be brought to heel ! the days of criminals in government should be over by now !!!
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