Defense Contract Inflation Adjustment Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 6739 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 6739 To modify and extend the temporary authority of the President to modify certain contracts and options based on the impacts of inflation, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 13, 2023 Mr. Bacon introduced the following bill; which was referred to the Committee on Armed Services _______________________________________________________________________ A BILL To modify and extend the temporary authority of the President to modify certain contracts and options based on the impacts of inflation, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Defense Contract Inflation Adjustment Act of 2023''. SEC. 2. MODIFICATION AND EXTENSION OF TEMPORARY AUTHORITY TO MODIFY CERTAIN CONTRACTS AND OPTIONS BASED ON THE IMPACTS OF INFLATION. Section 1 of Public Law 85-804 (50 U.S.C. 1431) is amended--…