I 118THCONGRESS 1 STSESSION H. R. 6739 To modify and extend the temporary authority of the President to modify certain contracts and options based on the impacts of inflation, and for other purposes. IN THE HOUSE OF REPRESENTATIVES DECEMBER13, 2023 Mr. B ACONintroduced the following bill; which was referred to the Committee on Armed Services A BILL To modify and extend the temporary authority of the Presi- dent to modify certain contracts and options based on the impacts of inflation, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Defense Contract In-4 flation Adjustment Act of 2023’’. 5 VerDate Sep 11 2014 02:57 Dec 20, 2023 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6739.IH H6739 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •HR 6739 IH SEC. 2. MODIFICATION AND EXTENSION OF TEMPORARY 1 AUTHORITY TO MODIFY CERTAIN CON-2 TRACTS AND OPTIONS BASED ON THE IM-3 PACTS OF INFLATION. 4 Section 1 of Public Law 85–804 (50 U.S.C. 1431) 5 is amended— 6 (1) in subsection (b), by adding at the end the 7 following new sentence: ‘‘If any such amounts are so 8 specifically provided, the Secretary may use them for 9 such purposes.’’; and 10 (2) in subsection (e), by striking ‘‘December 31, 11 2023’’ and inserting ‘‘December 31, 2024’’. 12 Æ VerDate Sep 11 2014 02:57 Dec 20, 2023 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6739.IH H6739 kjohnson on DSK7ZCZBW3PROD with $$_JOB