Defense Contract Inflation Adjustment Act of 2023

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6739 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6739

To modify and extend the temporary authority of the President to modify 
 certain contracts and options based on the impacts of inflation, and 
                          for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 13, 2023

  Mr. Bacon introduced the following bill; which was referred to the 
                      Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
To modify and extend the temporary authority of the President to modify 
 certain contracts and options based on the impacts of inflation, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Defense Contract Inflation 
Adjustment Act of 2023''.

SEC. 2. MODIFICATION AND EXTENSION OF TEMPORARY AUTHORITY TO MODIFY 
              CERTAIN CONTRACTS AND OPTIONS BASED ON THE IMPACTS OF 
              INFLATION.

    Section 1 of Public Law 85-804 (50 U.S.C. 1431) is amended--
            (1) in subsection (b), by adding at the end the following 
        new sentence: ``If any such amounts are so specifically 
        provided, the Secretary may use them for such purposes.''; and
            (2) in subsection (e), by striking ``December 31, 2023'' 
        and inserting ``December 31, 2024''.
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