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A bill to require reporting on offerors that have denied requests for uncertified cost or pricing data.
7/9/2024, 10:56 AM
Summary of Bill S 4636
Bill 118 s 4636, also known as the "Offeror Reporting Act," is a piece of legislation introduced in the US Congress. The main purpose of this bill is to mandate that offerors who have denied requests for uncertified cost or pricing data must report this information to the appropriate government agencies.
The bill aims to increase transparency and accountability in government contracting by requiring offerors to disclose when they have refused to provide cost or pricing data that has not been certified. This information will be reported to the Federal Acquisition Regulatory Council, which will then make it available to the public.
By requiring offerors to report denials of uncertified cost or pricing data, the bill seeks to prevent fraud, waste, and abuse in government contracting. It also aims to ensure that the government is able to make informed decisions when awarding contracts and negotiating prices with vendors. Overall, the Offeror Reporting Act is a measure designed to promote integrity and efficiency in government contracting by holding offerors accountable for their actions and providing greater transparency in the procurement process.
The bill aims to increase transparency and accountability in government contracting by requiring offerors to disclose when they have refused to provide cost or pricing data that has not been certified. This information will be reported to the Federal Acquisition Regulatory Council, which will then make it available to the public.
By requiring offerors to report denials of uncertified cost or pricing data, the bill seeks to prevent fraud, waste, and abuse in government contracting. It also aims to ensure that the government is able to make informed decisions when awarding contracts and negotiating prices with vendors. Overall, the Offeror Reporting Act is a measure designed to promote integrity and efficiency in government contracting by holding offerors accountable for their actions and providing greater transparency in the procurement process.
Current Status of Bill S 4636
Bill S 4636 is currently in the status of Bill Introduced since July 8, 2024. Bill S 4636 was introduced during Congress 118 and was introduced to the Senate on July 8, 2024. Bill S 4636's most recent activity was Read twice and referred to the Committee on Armed Services. as of July 8, 2024
Bipartisan Support of Bill S 4636
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4636
Primary Policy Focus
Alternate Title(s) of Bill S 4636
A bill to require reporting on offerors that have denied requests for uncertified cost or pricing data.
A bill to require reporting on offerors that have denied requests for uncertified cost or pricing data.
Comments
Sponsors and Cosponsors of S 4636
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