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Code · BILL · 119th Congress · S. 1071 (EAH) — 119 S1071 EAH: National Defense Authorization Act for Fiscal Year 2026 · Sec. 874

Sec. 874. Annual report on contract cancellations and terminations

281 words·~1 min read·/bill/119/s/1071/eah/section-874

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For each of fiscal years 2027 through 2031, not later than 10 days after the date on which the President submits the budget to Congress pursuant to section 1105 of title 31, United States Code, for each such fiscal year, the Secretary of Defense shall submit to the congressional defense committees a report listing any cancellation or termination for the preceding fiscal year of a contract in an amount greater than the simplified acquisition threshold. The Secretary of Defense shall include in the first report submitted under paragraph
(1)a description of any cancellation or termination of a contract in an amount greater than the simplified acquisition threshold during fiscal year 2025. The report required under subsection
(a)shall include the following elements: An identification of the unique Government identification number (commonly referred to as a Procurement Instrument Identification Number or an Indefinite Delivery Vehicle ) for each contract cancelled or terminated. The total value of the contracts described in paragraph (1). The total existing obligations against each such contract. Any termination settlement paid, if applicable, for cancelling or terminating a contract described in paragraph (1). A brief justification of the rationale for such cancellation or termination, disaggregated by contracts— that do not align with the priorities of the Secretary of Defense; for which the requirement no longer exists; for which the requirement has decreased; for which the requirement exists, but the contract did not meet requirements for cost or the schedule or performance of the contract are unacceptable; or any other rationale as determined by the Secretary. For any contract described in paragraph (5)(E), a justification of the proposed timeline for awarding a new contract to meet the specified requirement.
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