,,ii  #aaith ,,congress  #ast ,session  
,s4 #bhji  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #af1
 #bjbe,ms4 ,warren 7for herself1 ,mr4   
,grassley1 ,ms4 ,ernst1 and ,ms4        
,slotkin7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,armed ,services  ,a  
,,bill  ,to require reporting of price  
increases on noncompetitive contracts1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,transparency in ,contracting ,act of   
#bjbe4  #b4 ,reporting of price         
increases  7a7 ,reporting of increases  
above specified prices ,chapter #bga of 
title #aj1 ,united ,states ,code1 is    
amended by adding at the end the        
following new section3  #cgji4          
,reporting of increases above specified 
prices  7a7 ,in general ,an offeror     
shall be required to report to the      
relevant contracting officer not later  
than #cj days after becoming aware that 
the price of a product or service under 

a covered contract reaches or exceeds-- 
7#a7 #be percent above the price        
specified in the contract bid or the    
government paid for that product or     
service the previous calendar year2 or  
7#b7 #ej percent above the price paid   
for such a product or service #e years  
earlier4  7b7 ,covered contract defined 
,in this section1 the term covered      
contract means a contract awarded       
without competition under section #cbjd 
of this title and as defined under      
section #f4cjb of the ,federal          
,acquisition ,regulation4  4  7b7       
,inclusion of noncompliance information 
in ,,fapiis ,chapter #bga of title #aj1 
,united ,states ,code1 as amended by    
subsection 7a71 is further amended by   
adding at the end the following new     
section3  #cgaj4 ,inclusion of          
noncompliance information in ,federal   
,awardee ,performance and ,integrity    
,information ,system ,the ,director of  
the ,defense ,contract ,audit ,agency or
 the relevant service acquisition       

executive shall report in the ,federal  
,awardee ,performance and ,integrity    
,information ,system 7,,fapiis7 housed  
within the ,system for ,award           
,management the following information3  
7#a7 ,contractors who fail to report    
price increases as required under       
#cgje7;a77#b7 of this title4  7#b7      
,updated findings from audits conducted 
by the ,agency regarding noncompliance  
with the requirement4  7#c7 ,with       
respect to unreported product or service
 price increases1 the product or        
service's ,national ,stock ,number1     
order quantity1 unit cost1 total cost1  
purchasing or reimbursing entity1 and   
date of the order4  4