S.Amdt. 1390
What it does: Adds SEC. 848. REPORT ON PROHIBITION ON FIXED CONTRACT ESCALATION RATES IN CONTRACTS OF THE DEPARTMENT OF DEFENSE at the end of subtitle C of title VIII
Sen. Daniel Coats (R-IN)What it changes
1 change to S. 1867 · shown in the bill's text
Adds SEC. 848. REPORT ON PROHIBITION ON FIXED CONTRACT ESCALATION RATES IN CONTRACTS OF THE DEPARTMENT OF DEFENSE at the end of subtitle C of title VIII
Adds a sectionIn S. 1867 · Placed on Calendar Senate
(3) The term "one-offer contract" means a contract awarded after receiving a bid from only one qualified vendor.
Inserted: SEC. 848. REPORT ON PROHIBITION ON FIXED CONTRACT ESCALATION RATES IN CONTRACTS OF THE DEPARTMENT OF DEFENSE.
Inserted: (a) Report Required.--Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall submit to Congress a report setting forth an assessment of the feasibility and advisability of prohibiting fixed contract escalation rates in contracts of the Department of Defense and using instead contract escalation rates tied to appropriate economic indices. The report shall include an estimate of the cost savings to be achieved by the Department through such prohibition and use.
Inserted: (b) Fixed Contract Escalation Rate Defined.--In this section, the term "fixed contract escalation rate" means an escalation rate for a contract that provides for escalation of the contract over annual or other periods at an unvarying rate fixed at the commencement of the contract.
Original wording
At the end of subtitle C of title VIII, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1390. Mr. COATS submitted an amendment intended to be proposed by him to the bill S. 1867, to authorize appropriations for fiscal year 2012 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle C of title VIII, add the following:
SEC. 848. REPORT ON PROHIBITION ON FIXED CONTRACT ESCALATION RATES IN CONTRACTS OF THE DEPARTMENT OF DEFENSE.
(a) Report Required.--Not later than 180 days after the date of the enactment of this Act, the Secretary of Defense shall submit to Congress a report setting forth an assessment of the feasibility and advisability of prohibiting fixed contract escalation rates in contracts of the Department of Defense and using instead contract escalation rates tied to appropriate economic indices. The report shall include an estimate of the cost savings to be achieved by the Department through such prohibition and use.
(b) Fixed Contract Escalation Rate Defined.--In this section, the term “fixed contract escalation rate” means an escalation rate for a contract that provides for escalation of the contract over annual or other periods at an unvarying rate fixed at the commencement of the contract.
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Senate amendment submitted
November 28, 2011