II 112th CONGRESS 2d Session S. 2198 IN THE SENATE OF THE UNITED STATES March 15, 2012 Mrs. Boxer (for herself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To implement common sense controls on the taxpayer-funded salaries of government contractors by limiting reimbursement for excessive compensation equal to the pay of the President of the United States.

1.

Short title

This Act may be cited as the Commonsense Contractor Compensation Act of 2012.

2.

Limitation on allowable government contractor compensation costs

(a)

Limitation

(1)

Civilian contracts

Section 4304(a)(16) of title 41, United States Code, is amended to read as follows: (16)Costs of compensation of contractor and subcontractor employees for a fiscal year, regardless of the contract funding source, to the extent that such compensation exceeds the annual amount paid to the President of the United States in accordance with section 102 of title 3. . (2)

Defense contracts

Section 2324(e)(1)(P) of title 10, United States Code, is amended to read as follows: (P)Costs of compensation of contractor and subcontractor employees for a fiscal year, regardless of the contract funding source, to the extent that such compensation exceeds the annual amount paid to the President of the United States in accordance with section 102 of title 3. . (b)

Conforming amendments

(1)

Repeal

Section 1127 of title 41, United States Code, is hereby repealed. (2)

Clerical amendment

The table of sections at the beginning of chapter 11 of title 41, United States Code, is amended by striking the item relating to section 1127.