Renegotiation Act Amendments

Summary

Renegotiation Act Amendments - Revises the procedures under the Renegotiation Act for the determination of excessive profits by national defense contractors. Sets terms of office for members of the Renegotiation Board at five years except for those members appointed to fill a vacancy occurring prior to the expiration of a term. Sets the method and form of commencing renegotiation proceedings under this Act. Eliminates specified exemptions for products and equipment of oil and gas wells which the Board may presently make to some or all of the provisions of the Renegotiation Act. Provides for the payment of interest on amounts of excessive profits at a rate to be specified by the Secretary of the Treasury. Authorizes the appropriation of such sums as are necessary to carry out this Act.

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Timeline

1. 11 November 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 11 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 December 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing with amendment, H. Rept. 94-699.

   Source: Committee

5. 9 December 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing with amendment, H. Rept. 94-699.

   Source: Committee

6. 28 January 1976

   Floor

   Measure called up by special rule in House.

   Source: Floor

7. 29 January 1976

   Passed

   Measure passed House, amended.

   Source: Floor

8. 29 January 1976

   Passed

   Passed/agreed to in House: Measure passed House, amended.

   Source: Floor

9. 29 January 1976

   Floor

   Measure considered in House.

   Source: Floor

10. 30 January 1976

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 11 November 1975

  Open at official source

Sponsors

• Rep. Minish, Joseph G. [D-NJ-11] · D · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Cosponsor
• Rep. Derrick, Butler C. [D-SC-3] · D · Cosponsor
• Rep. Hayes, Philip H. [D-IN-8] · D · Cosponsor
• Rep. Gonzalez, Henry B. [D-TX-20] · D · Cosponsor
• Rep. St Germain, Fernand J. [D-RI-1] · D · Cosponsor
• Rep. Evans, David W. [D-IN-6] · D · Cosponsor
• Rep. McKinney, Stewart B. [R-CT-4] · R · Cosponsor
• Rep. Burton, John [D-CA-5] · D · Cosponsor
• Rep. Brooks, Jack B. [D-TX-9] · D · Cosponsor
• Rep. Reuss, Henry S. [D-WI-5] · D · Cosponsor
• · ssfi00 · Standing
• · hsba00 · Standing

Related records

• related to → A resolution providing for the consideration of H.R. 10680. A bill to revise and extend the Renegotiation Act of 1951.