A bill to clarify the application of section 2406 of title 10, United States Code, relating to cost and price management, and to delay the effective date of such provision.

Amends a provision of the Department of Defense Authorization Act, 1986 concerning cost and price management of defense contracts to provide that a defense agency is not required to record any cost or price information concerning a covered defense contract if the contractor under such contract does not maintain such information as of the effective date of this section.

Sets forth the effective date and defines the contracts to which such provision is applicable.