H.R. 7253, titled the “Best Price for Our Military Act of 2024,” proposes changes to section 3706 of title 10, United States Code. The bill seeks to delete the allowance of using late submission of cost and pricing data, after agreeing on a contract price, as a defense...
Simple Explanation
This bill wants to make sure that if a company working with the military gives the wrong money information after agreeing on a price, they can't use that as an excuse to avoid fixing any issues with the price.