This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Renegotiation Act Expires Tonight amid Debate
The Renegotiation Act of 1951, which allows the government to recapture excess profits on contracts, expires at midnight with little effort to extend it. If not renewed, the government could lose $30 to $40 million annually. Supporters warn that removing the act risks higher profits to suppliers and higher taxpayer costs, while critics label it a costly nuisance. The act's centralized board and regional offices handle renegotiations, with exemptions drafted in the latest extension.
MENTIONED IN THIS ARTICLE
Peter Edson
NEA
Washington Correspondent
Washington
Samuel
Board of Directors
U. S. Chamber of Commerce
Origin
Army
Ordnance
Quartermaster Corps
Signal Corps
Aviation
Corps of Engineers
Navy
Congress
Army, Navy
Air Force and
General Services Administration
Charles E. Mills
Boston Fhanlar Har
Boston
New York
Detroit
Chicago
Los Angeles
U. S
Esenhower