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Business/Financial

Maloney Plans Bill To Allow Contracting Officers To Obtain More Contractor Cost Data

By Cal Biesecker

Wednesday, January 19th, 2022

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Maloney Plans Bill To Allow Contracting Officers To Obtain More Contractor Cost Data

Rep. Carolyn Maloney, chairwoman of the House Oversight and Reform Committee.

The chairwoman of a House panel that oversees federal contracting on Wednesday released a draft bill aimed at enabling federal contracting officers to require cost information from contractors when necessary to help determine whether prices submitted for contracts are fair and reasonable, legislation that is aimed at closing a gap in existing law that prevents the government from being able to obtain cost data below a certain threshold. The draft bill, which Rep. Carolyn Maloney (D-N.Y.) is circulating for feedback…

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