H.R.3512 - To amend title 10, United States Code, to establish limitations on taxpayer-financed compensation for defense contractors.104th Congress (1995-1996)
|Sponsor:||Rep. Sanders, Bernard [I-VT-At Large] (Introduced 05/22/1996)|
|Committees:||House - National Security|
|Latest Action:||House - 06/17/1996 Executive Comment Requested from DOD. (All Actions)|
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Text: H.R.3512 — 104th Congress (1995-1996)All Information (Except Text)
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Introduced in House (05/22/1996)
[Congressional Bills 104th Congress] [From the U.S. Government Printing Office] [H.R. 3512 Introduced in House (IH)] 104th CONGRESS 2d Session H. R. 3512 To amend title 10, United States Code, to establish limitations on taxpayer-financed compensation for defense contractors. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 22, 1996 Mr. Sanders introduced the following bill; which was referred to the Committee on National Security _______________________________________________________________________ A BILL To amend title 10, United States Code, to establish limitations on taxpayer-financed compensation for defense contractors. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. LIMITATION ON COMPENSATION PAID UNDER DEFENSE CONTRACTS. (a) Limitation.--Section 2324 of title 10, United States Code, is amended-- (1) by redesignating subsection (l) as subsection (m); and (2) by inserting after subsection (k) the following new subsection (l): ``(l) Limitation on Compensation.-- ``(1) In general.--Subject to paragraph (2), the head of an agency may not obligate funds to pay a contractor under a contract with the agency for the costs of compensation with respect to the services of any one individual to the extent that the total amount of the compensation paid in a fiscal year to that individual exceeds $200,000. ``(2) Aggregation rule.--For purposes of determining the limitation on payment to a contractor under paragraph (1), all contracts entered into by the contractor with the agencies covered by this chapter and with all executive agencies (if any) shall be treated as one contract, and the $200,000 limitation with respect to the services of an individual in a fiscal year shall be allocated among the contracts in the manner prescribed in regulation by the Administrator for Federal Procurement Policy. ``(3) Definitions.--In this subsection: ``(A) The term `compensation' includes salaries, bonuses, deferred compensation, stock options and payouts, certified indirect costs, restructuring costs, and performance-based payments. ``(B) The term `executive agency' has the meaning provided by section 3 of the Federal Property and Administrative Services Act of 1949 (41 U.S.C. 472).''. (b) Applicability.--Subsection (l) of section 2324 of title 10, United States Code, as added by subsection (a), applies to contracts entered into after the date of the enactment of this Act. <all>