§8755 Disclosures for offerors for certain shipbuilding major defense acquisition program contracts

Summary

Companies bidding for shipbuilding construction contracts paid from the Shipbuilding and Conversion, Navy account must tell the Navy when they submit their offer (and any updates, including the final revision) if any part of the planned work will use help from a foreign government — such as subsidies, foreign loans or financing, foreign financial guarantees, or foreign tax breaks. The Navy will give a required form, and the bidder must describe how much of the work would be affected, even if that help might depend on future events. Within 5 days after the contract award, the Secretary of the Navy must notify the congressional defense committees and summarize the disclosure. Definitions: covered offeror — a bidder likely to need a way to handle foreign ownership issues under 32 CFR 2004.34(f)(6); foreign government subsidized performance — any money, materials, services, guarantees, or intellectual property help from a foreign government or an entity it controls that supports or lowers the cost of the work; major defense acquisition program — as defined in section 4201 of Title 10.