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United States · Bill · HR

H.R. 9534 (94th)

Renegotiation Act Amendments

referredUnited States· United States Congress· EN

Introduced

10 September 1975

Last action

10 September 1975 · Introduced

Status

Referred to House Committee on Banking, Currency and Housing.

Sponsors

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

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Renegotiation Act Amendments - Revises the procedures under the Renegotiation Act of 1951 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 of 1951. 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 10 September 1975

    Introduced

    Referred to House Committee on Banking, Currency and Housing.

    Source: IntroReferral

  2. 10 September 1975

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 September 1975

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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