Haley Stevens: “I want to specifically call his attention to two sections that are in our bill that were in the bill the year before and…”

“I want to specifically call his attention to two sections that are in our bill that were in the bill the year before and the year before. One says: None of the funds available to the Department of Defense under this Act shall be obligated or expended to pay a contractor under a contract with the Department of Defense for costs of any amount paid by the contractor to an employee when-- (1) such costs are for a bonus or otherwise in excess of the normal salary paid by the contractor to the employee; and (2) such bonus as part of restructuring costs associated with business combination. Second, we have a provision in this bill on page 91 section 8090. ``None of the funds available to the Department of Defense under this Act may be obligated or expended to reimburse a defense contractor for restructuring costs associated with business combination of the defense contractor that occurs after the date of enactment''--and it was in last year's bill, also; so it covers all of the mergers and consolidations that the Senator has mentioned--``unless: (1) the auditable savings for the Department of Defense resulting from restructuring will exceed the costs allowed by a factor of at least two to one, or (2) the savings for the Department of Defense resulting from restructuring will exceed the costs allowed and the Secretary of Defense determines that the business combination will result in the preservation of a cri…”