[Congressional Record Volume 168, Number 162 (Tuesday, October 11, 2022)]
[Senate]
[Page S6553]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6448. Mr. REED (for Mr. Cramer) submitted an amendment intended to 
be proposed to amendment SA 5499 proposed by Mr. Reed (for himself and 
Mr. Inhofe) to the bill H.R. 7900, to authorize appropriations for 
fiscal year 2023 for military activities of the Department of Defense 
and 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.--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, 
     subject to the availability of appropriations.
       (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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