Citing the ongoing pricing controversy with Pentagon contractor TransDigm, House Oversight and Reform Committee Chairwoman Carolyn Maloney (D-NY) has drafted a bill based off a Defense Department legislative proposal that would require contractors provide more cost information to the federal government. “Today, I am releasing a discussion draft that would require companies to provide cost information when necessary to determine if proposed prices are fair and reasonable,” she said. The bill would, with a one-year phase-in period, require all government...
