A bill to require the Comptroller General of the United States to ascertain increases in the cost of major acquisition programs of the civilian agencies of the executive branch; to limit the obligation and expenditure of Federal funds to carry out any major civil acquisition program after there has been a major increase in the cost of such civil acquisition program until enactment of a law providing new authority to carry out such acquisition program, and for other purposes.

Directs the Comptroller General to ascertain and compile statistics on cost increases for each civil acquisition program that is financed entirely with Federal funds at an estimated cost exceeding $50,000,000.

Requires the head of each Federal agency conducting such a program to report to the Comptroller General on such program, including the reasons for: (1) any delay exceeding six months in the program completion date; (2) any changes in the quantity or size of property to be acquired; and (3) any actual or projected cost increases of 25 percent or more.

Directs the Comptroller General to notify an agency and report to Congress concerning any determination of such a cost increase for a program. Prohibits any obligation or expenditure of funds on such program after an agency receives such notice unless new program authority is specifically authorized, for no longer than one year, by a subsequently enacted law.

Directs the Comptroller General to implement procedures applicable to all agencies for reflecting the effects of general economic inflation on cost data.