Stop Pentagon Price Gouging Act

Bill 118 hr 4409, also known as the Stop Pentagon Price Gouging Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to address the issue of price gouging by defense contractors who provide goods and services to the Department of Defense.

The bill aims to increase transparency and accountability in the defense contracting process by requiring contractors to disclose the cost and pricing data used to determine the prices they charge the Pentagon. This information would be made available to the public in order to ensure that taxpayers are getting a fair deal and that contractors are not overcharging for their products and services.

Additionally, the Stop Pentagon Price Gouging Act would establish penalties for contractors found to be engaging in price gouging, including fines and potential suspension or debarment from future government contracts. This is intended to deter contractors from engaging in unethical pricing practices and to hold them accountable for their actions. Overall, the Stop Pentagon Price Gouging Act seeks to promote fairness and integrity in the defense contracting process, ensuring that taxpayer dollars are being spent wisely and efficiently. It is currently being considered by Congress and has garnered bipartisan support for its efforts to combat price gouging in the defense industry.