Maintain the $500,000 threshold for cost and pricing data requirements for DOD. The Truth in Negotiations Act should be amended to maintain the dollar threshold for application of the statute at $500,000.9 All words in the statute that refer to the threshold reverting to $100,000 after December 31, 1995, should be eliminated, and section 803 of the National Defense Authorization Act should be repealed.10 The amendment should also provide for periodic adjustment of the threshold to reflect inflation. The permanent increase in the threshold would allow DOD, NASA, and the Coast Guard to maintain the administrative savings and lower contract costs that result from the higher threshold. Endnotes 9. 10 U.S.C. 2306a. 10. National Defense Authorization Act, Fiscal Year 1991 (Public Law 101510).
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