[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[Senate]
[Page S5593]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6056. Mr. CRAMER submitted an amendment intended to be proposed to 
amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:
        At the end of subtitle B of title VIII, add the following:

     SEC. 829. MODIFICATION OF CONTRACTS AND OPTIONS TO PROVIDE 
                   ECONOMIC PRICE ADJUSTMENTS.

       (a) Authority.--Notwithstanding any other provision of law, 
     amounts authorized to be appropriated by this Act for the 
     Department of Defense may be used to modify the terms and 
     conditions of a contract or option, without consideration, to 
     provide an economic price adjustment consistent with sections 
     16.203-1 and 16.203-2 of the Federal Acquisition Regulation 
     during the relevant period of performance for that contract 
     or option and as specified in section 16.203-3 of the Federal 
     Acquisition Regulation.
       (b) Guidance.--Not later than 30 days after the date of the 
     enactment of this Act, the Under Secretary of Defense for 
     Acquisition and Sustainment shall issue guidance implementing 
     the authority under this section.
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