S. 2136: Smart Pricing Practices Permanence Act

This bill is known as the Smart Pricing Practices Permanence Act. It aims to modify and extend an existing pilot program that is focused on speeding up the contracting and pricing processes used by the Department of Defense (DoD). Here are the main points about what the bill proposes:

Modifications to the Pilot Program

The bill specifically updates certain aspects of Section 890 of the John S. McCain National Defense Authorization Act for Fiscal Year 2019. The modifications include:

• Elimination of Unique Reporting Requirements: The language "minimal reporting" is replaced with "no unique reporting." This suggests that the current requirements for sharing specific data or reports related to the pilot program will be eased significantly.
• Removal of a Subsection: The bill proposes to eliminate subsection (d) of the existing law, indicating a potential reduction in procedural requirements or constraints associated with the pilot program.

Goals of the Bill

The overall goal of the bill is to simplify and accelerate the contracting and pricing processes for defense-related contracts. This is aimed at improving efficiency in how contracts are awarded and executed within the Department of Defense.

Context

By modifying the existing pilot program and extending its applicability, the bill seeks to create a more streamlined process for defense contracting, potentially benefiting various stakeholders involved in defense procurement. The modifications are intended to reduce bureaucratic hurdles, which could lead to quicker decision-making and implementation of defense contracts.

Relevant Companies

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