Page:United States Statutes at Large Volume 83.djvu/236

 208

PUBLIC LAW 91-121-NOV. 19, 1969

[83 STAT.

tion of this ceiling will seriously jeopardize the national security interests of the United States and informs the Congress of the basis for such determination." trlct^T^sl rch" ^^^' ^^^' (^).^fter December 31, 1969, none of the funds authorized cTnters.^^^'^' foi" appropriation by this or any other Act for the use of the Armed Officers' Forces shall be used for payments out of such funds under contracts or compensation. agreements with Federal contract research centers if the annual compensation of any officer or employee of such center paid out of any Federal funds exceeds $45,000 except with the approval of the Secretary of Defense under regulations prescribed by the President. to^congrellr ^b) The Secretary of Defense shall notify the President of the Senate and the Speaker of the House of Representatives promptly of any approvals authorized under subsection (a), together with a detailed statement of the reasons therefor. conf/aTtor rofits ^^^' ^9^' ^^^ "^^^ Comptroller General of the United States (herestudyby^'^° * ^' inafter in this section referred to as the "Comptroller General") is Comptroller authorized and directed, as soon as practicable after the date of enactenerai. meut of thls section, to conduct a study and review on a selective, representative basis of the profits made by contractors and subcontractors on contracts on which there is no formally advertised competitive bidding entered into by the Department of the Army, the Department of the Navy, the Department of the Air Force, the Coast Guard, and the National Aeronautics and Space Administration under the authority io^sc^^23o^/-* ^^ chapter 137 of title 10, United States Code, and on contracts entered 2314. into by the Atomic Energy Commission to meet requirements of the Report to Department of Defense. The results of such study and review shall be ongress. Submitted to the Congress as soon as practicable, but in no event later than December 31, 1970. (b) Any contractor or subcontractor referred to in subsection (a) of this section shall, upon the request of the Comptroller General, prepare and submit to the General Accounting Office such information maintained in the normal course of business by such contractor as the Comptroller General determines necessary or appropriate in conducting any study and review authorized by subsection (a) of this section. Information required under this subsection shall be submitted by a contractor or subcontractor in response to a written request made by the Comptroller General and shall be submitted in such form and detail as the Comptroller General may prescribe and shall be submitted within a reasonable period of time. GAo audit. ^c) I n order to determine the costs, including all types of direct and indirect costs, of performing any contract or subcontract referred to in subsection (a) of this section, and to determine the profit, if any, realized under any such contract or subcontract, either on a percentage of the cost basis, percentage of sales basis, or a return on private capital employed basis, the Comptroller General and authorized representatives of the General Accounting Office are authorized to audit and inspect and to make copies of any books, accounts, or other records of any such contractor or subcontractor. subpenas. ^(j) Upou the request of the Comptroller General, or any officer or employee designated by him, the Committee on Armed Services of the House of Representatives or the Committee on Armed Services of the Senate may sign and issue subpenas requiring the production of such books, accounts, or other records as may be material to the study and review carried out by the Comptroller General under this section. Penalty. (^^ ^j^y disobedieuce to a subpena issued by the Committee on Armed Services of the House of Representatives or the Committee on Armed Services of the Senate to carry out the provisions of this section 2 USC 19 2. shall be punishable as provided in section 102 of the Revised Statutes, (f) No book, account, or other record, or copy of any book, account,

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