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

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.