§8755 Disclosures for Offerors for Certain Shipbuilding Major Defense Acquisition Program Contracts

Summary

Require covered offerors seeking a shipbuilding construction contract paid from the Shipbuilding and Conversion, Navy account to tell the Navy, with their offer and any later updates (including the final proposal revision), if any part of the planned work will use foreign government–subsidized work, foreign financing, foreign financial guarantees, or foreign tax breaks. The Navy will give the form to use and the disclosure must spell out how much of the work will involve those foreign items, even if it depends on future conditions. Within 5 days after the contract award, the Secretary of the Navy must tell the congressional defense committees and summarize the disclosure. Covered offeror: an offeror that does or likely will need a way to reduce or remove foreign ownership under 32 C.F.R. 2004.34(f)(6). Foreign government subsidized performance: support such as money, materials, services, or guarantees from a foreign government or an entity it controls that helps lower costs, supply items, or back contract performance. Major defense acquisition program: defined in section 4201 of this title.