Nunn-McCurdy Act

Download or read book Nunn-McCurdy Act written by Moshe Schwartz and published by DIANE Publishing. This book was released on 2010-11 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: On Sept. 8, 1982, Pres. Ronald Reagan signed into law the DoD Authorization Act which included what has come to be known as the Nunn-McCurdy (NM) Act. The NM Act requires DoD to report to Congress whenever a major defense acquisition program experiences cost overruns that exceed certain thresholds. Contents of this report: (1) Intro.; (2) Background: What is a NM Breach?: NM Thresholds; NM Timelines; Conseq. of a Critical NM Breach; Effectiveness of the NM Act: NM as a Reporting Mechanism; NM as a Mechanism for Controlling Cost Growth; (3) Issues for Congress: NM as a Reporting and Mgmt. Tool; Shortening the NM Timeline; Managing Admin. Breaches; Applying NM-Type Reporting Requirements to O&S Costs. Illus.