§1504 — Title 41 Public Contracts | U.S. Code

Summary

Keep existing cost accounting rules the Cost Accounting Standards Board made under the Defense Production Act of 1950 (50 U.S.C. App. 2168) in force until the Board changes or cancels them under this chapter. Treat those rules the same as if they had been issued under this chapter. The Administrator, under the authority in sections 1121, 1122(a) to (c)(1), 1125, 1126, 1130, 1131, and 2305, must stop any agency rule that conflicts with these standards and take other allowed actions. If a cost is covered by these standards, no other agency may use different rules to measure, assign, or allocate that cost.

Title 41, §1504

Public Contracts — Source: USLM XML via OLRC

(a)All cost accounting standards, waivers, exemptions, interpretations, modifications, rules, and regulations prescribed by the Cost Accounting Standards Board under section 719 of the Defense Production Act of 1950 (50 U.S.C. App. 2168)— 11 See References in Text note below.

(1)remain in effect until amended, superseded, or rescinded by the Board under this chapter; and

(2)are subject to the provisions of this division in the same manner as if prescribed by the Board under this division.

(b)To ensure that a regulation or proposed regulation of an executive agency is not inconsistent with a cost accounting standard prescribed or amended under this chapter, the Administrator, under the authority in section 1121, 1122(a) to (c)(1), 1125, 1126, 1130, 1131, and 2305 of this title, shall rescind or deny the promulgation of the inconsistent regulation or proposed regulation and take other appropriate action authorized under section 1121, 1122(a) to (c)(1), 1125, 1126, 1130, 1131, and 2305.

(c)Costs that are the subject of cost accounting standards prescribed under this chapter are not subject to regulations established by another executive agency that differ from those standards with respect to the measurement, assignment, and allocation of those costs.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 1504(a)41:422(j)(1), (2).Pub. L. 93–400, § 26(j), as added Pub. L. 100–679, § 5(a), Nov. 17, 1988, 102 Stat. 4062. 1504(b)41:422(j)(3). 1504(c)41:422(j)(4).

Editorial Notes

References in Text

section 719 of the Defense Production Act of 1950, referred to in subsec. (a), is section 719 of act Sept. 8, 1950, ch. 932, title VII, as added Pub. L. 91–379, title I, § 103, Aug. 15, 1970, 84 Stat. 796, which was classified to section 2168 of the former Appendix to Title 50, War and National Defense, prior to repeal by Pub. L. 100–679, § 5(b), Nov. 17, 1988, 102 Stat. 4063.

§1504 Effect on Other Standards and Regulations