Defense Acquisition Streamlining and Transparency Act

[AI summary unavailable — showing source text] Defense Acquisition Streamlining and Transparency Act This bill directs the Department of Defense (DOD) to establish a program to procure commercial off-the-shelf products through online marketplaces to expedite procurement and ensure reasonable pricing. A contract may be made without full and open competition. DOD shall comply with commercially accepted standards of risk and materiality in performing an incurred cost audit. DOD shall emphasize sustainment factors: (1) early in a weapon system's development, and (2) in the development of capabilities requirements. A weapon system contract shall include clearly defined requirements for reliability and maintainability. DOD shall establish: (1) contract performance best practices, which shall include incentive fees and recovery options; and (2) an investment program for funding weapon system design changes. DOD shall negotiate the price of technical data before selecting a contractor for the development or production of a major weapon system. The bill establishes an Office of Intellectual Property within the Office of the Under Secretary of Defense for Acquisition and Sustainment. DOD shall ensure that: (1) sufficient data is collecte…