Extension of Renegotiation Board: Hearing Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H.R. 6287, an Act to Extend and Amend the Renegotiation Act of 1951

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U.S. Government Printing Office, 1954 - 60 lappuses
 

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6. lappuse - CHANGES IN EXISTING LAW In compliance with subsection (4) of rule XXIX of the Standing Rules of the Senate, changes in existing law made by the bill, as reported, are shown as follows (existing law proposed to be omitted is enclosed in black brackets, new matter is printed in italic, existing law in which no change is proposed is shown in roman...
20. lappuse - ... the Board makes a specific finding that competitive conditions affecting the sale of any standard commercial article claimed by the contractor to be exempt were such as would not reasonably prevent excessive profits...
8. lappuse - ... effect, showing a necessity for a survival of such suit, action, or other proceeding to obtain a settlement of the questions involved...
8. lappuse - ... partly for nondefense purposes, the Board shall consider as not having a direct or immediate connection with national defense that portion of the contract which is determined not to have been used for national defense purposes. The method used in making such determination shall be subject to approval by the Board. Notwithstanding section 108 of this title, regulations prescribed by the Board under this paragraph, and any determination of the Board that a contract is or is not exempt under this...
7. lappuse - ... the contractor or subcontractor and all persons under the control of or controlling or under common control with the contractor or subcontractor, under contracts with the Departments and subcontracts...
1. lappuse - In designating those classes and types of contracts which shall be exempt and in exempting any Individual contract under this paragraph, the Board shall consider as not having a direct or Immediate connection with national defense any contract for the furnishing of materials or services to be used by the United...
6. lappuse - ... useful life of such equipment as set forth in Bulletin F of the Bureau of Internal Revenue (1942 edition) or, if an average useful life is not so set forth, then as estimated by the Board. (2) Definitions. — For the purpose of this subsection— (A) the term "durable productive equipment...
7. lappuse - ... no determination of excessive profits to be eliminated for such year with respect to such subcontracts shall be in an amount greater than the amount by which such aggregate exceeds $25,000.
3. lappuse - Board, the provisions of the contract are otherwise adequate to prevent excessive profits; (D) any contract or subcontract for the making or furnishing of a standard commercial article, if, in the opinion of the Board, competitive conditions affecting the sale of such article are such as will reasonably protect the Government against excessive prices...
7. lappuse - ... excessive profits to be eliminated for such year with respect to such subcontracts shall be in an amount greater than the amount by which such aggregate exceeds $25,000. (3) Computation. In computing the aggregate of the amounts received or accrued during any fiscal year for the purposes of...

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