Defense Contract Profit Control Act

Summary

Defense Contract Profit Control Act - Requires defense contractors, during an emergency period, to submit an annual report to the Secretary of Defense disclosing their total profit, and the percentage of such profit, on certain contracts during the preceding year. Sets forth the baseline profit percentage allowable on defense contracts during such period and the method to determine how much excessive profit should be returned to the United States. Repeals existing provisions of law relating to profit limitations on contracts for the construction of aircraft and naval vessels.

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Timeline

1. 26 March 1981

   Introduced

   Introduced in House

   Source: IntroReferral

2. 26 March 1981

   Introduced

   Referred to House Committee on Armed Services.

   Source: IntroReferral

3. 26 March 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 April 1981

   Referred

   Referred to Subcommittee on Procurement and Military Nuclear Systems.

   Source: Committee

5. 1 April 1981

   Committee

   Executive Comment Requested from DOD.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 26 March 1981

  Open at official source

Sponsors

• Rep. Mavroules, Nicholas [D-MA-6] · D · Sponsor
• · hsas00 · Standing

Related records

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