Mike Thompson: “Section 805 of the bill contains the ``Defense Commercial Pricing Management Improvement Act,'' which is designed to…”

“Section 805 of the bill contains the ``Defense Commercial Pricing Management Improvement Act,'' which is designed to improve DoD's management practices and help address the spare parts pricing problems identified in the Armed Services Subcommittee on Acquisition & Technology hearing on March 18. Among other things, section 805 would require the Secretary of Defense to issue regulations clarifying the procedures and methods to be used in determining the reasonableness of prices charged for sole-source commercial items. The amendment would provide that the regulations should be issued on a government-wide basis, as a part of the Federal Acquisition Regulation and applicable to all federal procurements, rather than being issued by the Secretary of Defense and applicable only to DoD procurements. This change is consistent with the Senate's ten-year effort to place DoD and civilian agency procurements on an equal statutory footing.”