Section 1. Short title
This Act may be cited as the Best Price for Our Military Act of 2024.
Section 2. Elimination of late cost and pricing data submission defense
Section 3706(c) of title 10, United States Code, is amended—
(1) in paragraph (3) by striking or at the end;
(2) in paragraph (4) by striking the period and inserting; or; and
(3) by adding at the end the following:
(5) the cost or pricing data were submitted by the prime contractor or subcontractor after the date of agreement on the price of the contract (or price of the modification) or, if applicable consistent with subsection (a)(2), such other date agreed upon between the parties.