Current as of: January 2009 The President may authorize any department or agency of the
Government which exercises functions in connection with the
national defense, acting in accordance with regulations prescribed
by the President for the protection of the Government, to enter
into contracts or into amendments or modifications of contracts
heretofore or hereafter made and to make advance payments thereon,
without regard to other provisions of law relating to the making,
performance, amendment, or modification of contracts, whenever he
deems that such action would facilitate the national defense. The
authority conferred by this section shall not be utilized to
obligate the United States in an amount in excess of $50,000
without approval by an official at or above the level of an
Assistant Secretary or his Deputy, or an assistant head or his
deputy, of such department or agency, or by a Contract Adjustment
Board established therein. The authority conferred by this section
may not be utilized to obligate the United States in any amount in
excess of $25,000,000 unless the Committees on Armed Services of
the Senate and the House of Representatives have been notified in
writing of such proposed obligation and 60 days of continuous
session of Congress have expired following the date on which such
notice was transmitted to such Committees. For purposes of this
section, the continuity of a session of Congress is broken only by
an adjournment of the Congress sine die at the end of a Congress,
and the days on which either House is not in session because of an
adjournment of more than 3 days to a day certain, or because of an
adjournment sine die other than at the end of a Congress, are
excluded in the computation of such 60-day period. Legislative History Prev ________________________________________________________________________
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