S. 5553 aims to enable the Department of Defense to use an alternative method called capability-based analysis to assess whether prices quoted by nontraditional defense contractors for commercial products or services are fair and reasonable. This pilot program allows...
Simple Explanation
S. 5553 is a plan to help the Department of Defense check if prices from new companies are fair by looking at how special and good their products or services are. They will need to report how well this works by 2028 to see if they should keep doing it until 2029.