War Profiteering Prohibition Act of 1987

Summary

War Profiteering Prohibition Act of 1987 - Reinstates until the end of FY 1990 the Renegotiation Act of 1951 (providing for review of defense contractors' profits). Makes the Act inapplicable to amounts received by a contractor or subcontractor from October 1, 1987, through the date of enactment of this Act. Requires renegotiation to be conducted by division and major product line, rather than by total aggregate sales. Increases from $1,000,000 to $5,000,000 the aggregate fiscal year renegotiable sales amount which subjects contractors and subcontractors to such Act.

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Timeline

1. 28 May 1987

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 28 May 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 May 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 June 1987

   Referred

   Referred to Subcommittee on General Oversight and Investigation.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 28 May 1987

  Open at official source

Sponsors

• Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
• · hsba00 · Standing

Related records

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