On the recordJune 14, 2024
Mr. Chair, I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of subtitle A of title VIII, insert the following new section: SEC. 8__. REVIEW PANEL ON FAIR AND REASONABLE PRICING AND CONTRACT OVERSIGHT. (a) Establishment.--Not later than 60 days after the date of enactment of this section, the Secretary of Defense shall establish a review panel on fair and reasonable pricing and contract oversight of sole-source contracts for munitions and weapons systems contracts, including related contracts for services and spare parts. (b) Membership.-- (1) In general.--The review panel shall be composed of the following six members: (A) The Director Price, Cost, and Finance of the Office of Defense Pricing and Contracting of the Department of Defense. (B) The Director of the Defense Contract Audit Agency. (C) The Director of the Defense Contract Management Agency. (D) An individual from the Office of the Inspector General of the Department of Defense. (E) Two individuals appointed by the Secretary of Defense with expertise in contract pricing, contract negotiations, and contract oversight.…





