STANDARDS FOR CONTRACTOR INVENTORY ACCOUNTING SYSTEMS

SEC. 834. STANDARDS FOR CONTRACTOR INVENTORY ACCOUNTING SYSTEMS (a) In General.—(1) Chapter 141 of title 10, United States Code, is amended by adding at the end the following new section: 102 STAT. 2025 “§ 2410b. Contractor inventory accounting systems: standards “The Secretary of Defense shall prescribe in regulations— “(1) standards for inventory accounting systems used by contractors under contract with the Department of Defense; and “(2) appropriate certification and enforcement requirements with respect to such standards.”. (2) The table of sections at the beginning of such chapter is amended by adding at the end the following new item: “2410b. Contractor inventory accounting systems: standards.”. (b) Regulations.—(1) The Secretary of Defense shall prescribe the regulations required by paragraph (1) of section 2410b of title 10, United States Code, as added by subsection (a), not later than 30 days after the date of the enactment of this Act. (2) The Secretary of Defense shall prescribe the regulations required by paragraph (2) of section 2410b of title 10, United States Code, as added by subsection (a), not later than 180 days after the date of the enactment of this Act.