As lawmakers prepare to craft the annual defense authorization bill, two senior Democrats from the House and Senate have authored legislation they say would stop defense contractors from “price gouging” the military by strengthening existing acquisition regulations by, among other things, requiring contractors to provide new cost and pricing data. The bicameral proposal , authored by Rep. John Garamendi (D-CA) and Sen. Elizabeth Warren (D-MA) seeks to strengthen the Truth In Negotiations Act to require contractors to “provide the federal...
