A bill to amend the Renegotiation Act of 1951.
Renegotiation Exemption Act - Amends the Renegotiation Act of 1951 to provide that contractors and subcontractors whose aggregate renegotiable sales do not exceed $5,000,000 (presently $1,000,000) are exempt from renegotiation. Makes such exemption applicable to agents for sales not exceeding $50,000 (presently $25,000).
Introduced in Senate
Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 95-716.
Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 95-716.
Placed on calendar in Senate.
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