Proposed Legislation to Require the Enactment of Special Legislation to Continue Funding Any Major Acquisition Whenever Costs or Estimated Costs Increase by 50 Percent or More
PSAD-77-160: Published: Sep 14, 1977. Publicly Released: Sep 14, 1977.
- Full Report:
Proposed legislation (S. 1313) would require the Comptroller General to determine twice a year the cost growth statistics on all major military and civil acquisitions and to report to the Congress and the head of the department or agency concerned when he determines that the actual cost or estimated projected cost of such acquisitions have resulted or will result in a cost growth of 50% or more, excluding inflation. Upon receipt of such report, no additional funds could be obligated or expended with respect to the acquisition unless authorizing legislation were enacted by the Congress.
The data gathering and reporting requirements are executive agency responsibilities. Since departments and agencies should be compiling cost data on major acquisitions, it would place little additional burden on them to report to the Congress when such data shows that costs or estimates have increased by 50% or more.