BANKING, FINANCE AND URBAN AFFAIRS. NINETY-SEVENTH CONGRESS FIRST SESSION ON H.R. 5651 A bill to revise and reinstate the Renegotiation Act of 1951 AUGUST 4, 1982 Serial No. 97-82 Printed for the use of the Committee on Banking, Finance and Urban Affairs 98-528 O U.S. GOVERNMENT PRINTING OFFICE WASHINGTON 1982 HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS FERNAND J. ST GERMAIN, Rhode Island, Chairman HENRY S. REUSS, Wisconsin STEPHEN L. NEAL, North Carolina NORMAN E. D'AMOURS, New Hampshire BRUCE F. VENTO, Minnesota CHARLES E. SCHUMER, New York BILL PATMAN, Texas WILLIAM J. COYNE, Pennsylvania STENY H. HOYER, Maryland J. WILLIAM STANTON, Ohio STEWART B. MCKINNEY, Connecticut JIM LEACH, Iowa THOMAS B. EVANS, JR., Delaware RON PAUL, Texas ED BETHUNE, Arkansas NORMAN D. SHUMWAY, California STAN PARRIS, Virginia ED WEBER, Ohio BILL MCCOLLUM, Florida GREGORY W. CARMAN, New York GEORGE C. WORTLEY, New York MARGE ROUKEMA, New Jersey BILL LOWERY, California JAMES K. COYNE, Pennsylvania DOUGLAS K. BEREUTER, Nebraska DAVID DREIER, California 1783 Gonzalez, Hon. Henry B., a Representative in Congress from the State of Horan, Donald J., Director, Procurement, Logistics and Readiness Division, U.S. General Accounting Office, accompanied by Sidney Wolin, Group Di- rector, Procurement, Logistics and Readiness Division; John Brosnan, Office of General Counsel; and John Potochney, Evaluator, Procurement, Logistics McCloskey, Hon. Paul N., Jr., a Representative in Congress from the State of ADDITIONAL MATERIAL SUBMITTED FOR INCLUSION IN THE RECORD Gonzalez, Hon. Henry B., prepared statement... Horan, Donald J., prepared statement on behalf of the General Accounting Statement of Donald S. Grenough, former Renegotiation Board Director, Machinery & Allied Products Institute, Washington, D.C., letter dated August Mitchell, Hon. Parren J., prepared statement. Murphy, Hon. Austin J., statement. Schumer, Hon. Charles E., statement on behalf of H.R. 5651.. Stockman, Hon. David A., Office of Management and Budget, letter dated (III) RENEGOTIATION ACT AMENDMENTS OF 1981 WEDNESDAY, AUGUST 4, 1982 HOUSE OF REPRESENTATIVES, COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS, SUBCOMMITTEE ON GENERAL OVERSIGHT AND RENEGOTIATION, Washington, D.C. The subcommittee met, pursuant to notice, at 11 a.m., in room 2128, Rayburn House Office Building, Hon. Joseph G. Minish (chairman of the subcommittee) presiding. Present: Representatives Minish, Annunzio, Barnard, Parris, McCollum, Weber, and Wortley. Chairman MINISH. The subcommittee will be in order. The Subcommittee on General Oversight and Renegotiation begins hearings on H.R. 5651, a bill to revise and reinstate the Renegotiation Act of 1951. A copy of the bill will be included in the record at this point. [The text of H.R. 5651 follows:] (1) |