Home / Acquisition & Procurement / Senate Panel Approves $230K Contractor Salary Cap

Senate Panel Approves $230K Contractor Salary Cap

The Senate Armed Services Committee has approved an amendment to the defense authorization bill, which would cap defense contractor salary reimbursements at $230,700 per worker, GovExec reports.

That number is equal to the vice president’s salary and would be a nearly 70 percent cut from the current rate of $763,029, which was set in April.

Sen. Joe Manchin (D-W.Va.) introduced the amendment to the fiscal 2013 National Defense Authorization Act, Charles Clark reported.

In the House, Rep. Paul Tonko (D-N.Y.) introduced a provision that would have adjusted the cap to an amount equal to the president’s salary at $400,000.

The chamber rejected that amendment the House Armed Services Committee did not include it in its version of the defense authorization bill.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.

Leave a Reply

Your email address will not be published. Required fields are marked *