A bill to amend title 10, United States Code, to eliminate certain limitations imposed on excess profits arising from any contract with any military department of the United States for the construction or manufacture of all or part of any complete aircraft or any contract with the Secretary of the Navy for the construction or manufacture of all or part of any complete naval vessel, and for other purposes.
Vinson-Trammell Act Amendments of 1979 - Amends the Vinson-Trammell Act to prohibit the Secretary of Defense from making a noncompetitive national defense contract unless the contractor agrees to: (1) pay any excess profit to the United States; (2) make no subcontract in order to evade any provisions of this Act; and (3) make no first tier subcontract unless the subcontractor also agrees to such provisions (present section sets forth aircraft contract requirements).
Directs the Secretary to prescribe regulations to carry out this Act. Authorizes the Secretary to: (1) collect any profits owed by a contractor by setoff against any amounts due such contractor; or (2) waive the requirements of this Act with regard to any contract or subcontract. Requires the Secretary to submit an annual report to the Congress concerning actions taken under this Act.
Repeals provisions setting forth naval vessel contract requirements.
Referred to House Committee on Armed Services.
Introduced in Senate
Referred to Senate Committee on Armed Services.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line