House Committee Takes Aim At Acquisition Spending

Law360, New York (October 29, 2013, 9:43 PM EDT) -- The House Armed Services Committee announced a new acquisition reform initiative Tuesday, inviting outside experts to explore ways to change the incentives that drive poor planning and cost overruns in the U.S. Department of Defense's acquisition of weapons systems.

Committee Chairman Buck McKeon, R-Calif., opened up a hearing Tuesday by saying Texas Rep. Mac Thornberry, the second-ranking Republican on the committee, would head up a long-term initiative to reform the DOD's acquisition practices. After budget cuts and the financial havoc caused by sequestration, the government shutdown...
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