S.Amdt. 3212

1. Adds SEC. 847. REPORTS ON RENEGOTIATION OR CANCELLATION OF DEPARTMENT OF DEFENSE CONTRACTS IN CONNECTION WITH SPENDING CUTS at the end of subtitle C of title VIII

   Adds a section

   In S. 3254 · Placed on Calendar Senate

   Section 2304c(e) of title 10, United States Code, is amended by striking paragraph (3).

   Inserted: SEC. 847. REPORTS ON RENEGOTIATION OR CANCELLATION OF DEPARTMENT OF DEFENSE CONTRACTS IN CONNECTION WITH SPENDING CUTS.

   Inserted: (a) Report on Procedures.--

   Inserted: (1) In general.--Not later than ___ days after the date of the enactment of this Act, the Secretary of Defense shall submit to the congressional defense committees a report setting forth the procedures of the Department of Defense, including the military departments and the Defense Agencies, for the renegotiation or cancellation of contracts as a result of reductions in funding for the Department of Defense in connection with--

   Inserted: (A) reductions of discretionary appropriations and direct spending pursuant to the sequester required by section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985;

   Inserted: (B) directives of the Office of Management and Budget, or other Executive Branch directives, relating to cost saving measures; and

   Inserted: (C) other funding reduction mechanisms.

   Inserted: (2) Actions to develop additional procedures.--If the Secretary determines for purposes of the report under paragraph (1) that any component of the Department lacks adequate procedures to govern the renegotiation or cancellation of contracts as results of reductions in funding described in that paragraph, the report shall include a description of the actions to be taken to provide such component with adequate procedures for that purpose.

   Inserted: (b) Reports on Costs of Contract Termination.--Not later than ___ days after the termination of a contract of the Department of Defense by reason of a reduction in funding described in subsection (a)(1), the Secretary shall submit to the congressional defense committees a report on the termination of the contract that sets forth a description of the costs (including any allowable, allocable, reasonable, or unforeseen costs) to be paid by the Department in connection with the termination of the contract.

   Original wording

   At the end of subtitle C of title VIII, add the following:

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As printed