On the recordJuly 22, 1997
I oppose the idea of a price cap at this time given the recent changes to the space station program surrounding the prime contractor's performance and the instability of Russian participation. I have asked the General Accounting Office [GAO] to update their previous life-cycle cost estimate on the space station. Once this cost estimate is completed, I intend to introduce a price cap on the station. It is my hope that a price cap at that time will reflect a more accurate assessment of the space station total life-cycle costs. I look forward to investigating these issues further after the GAO study I requested is completed and after the Commerce, Science, and Transportation Committee holds hearings and further consultation with interested parties including NASA.
Source
govinfo.gov
