Home / Acquisition & Procurement / Report: President Obama to Sign Contractor Cap Reduction Measures

Report: President Obama to Sign Contractor Cap Reduction Measures

BudgetPresident Barack Obama is set to sign two measures that will affect government contractor compensation caps in the future, FCW reported Thursday.

Adam Mazmanian writes the fiscal year defense authorization bill will lower contractor executive pay caps to $625,000 and the Bipartisan Budget Act of 2013 will reduce civilian and defense contractor caps to $487,000 from recent levels of more than $950,000.

Mazmanian reports the last bill to be signed will have the force of law regarding the caps because it will have the most recent changes for the applicable statutes.

Both bills remove the formula that takes account executives’ salary into consideration when creating compensation caps but will make exemptions for specialists such as engineers, cybersecurity, medical and scientists.

Check Also

GAO: Air Force to Deploy New Combat Rescue Helicopters to Active Component by FY 2020

The Government Accountability Office has found that the U.S. Air Force intends to start fielding in fiscal 2020 new Combat Rescue Helicopters to replace aging HH-60G Pave Hawk helicopters that have recorded the most flight time when it comes to staff recovery missions. GAO said in a report published Thursday the service will initially deploy the new helicopters to the active component six years ahead of the reserve component and to the Air National Guard by 2027.

Leave a Reply

Your email address will not be published.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