IMPLEMENTING REGULATIONS.

SEC. 4402. [41 U.S.C. 251 note] IMPLEMENTING REGULATIONS. (a) Proposed Revisions.—Proposed revisions to the Federal Acquisition Regulation and such other proposed regulations (or revisions to existing regulations) as may be necessary to implement this Act shall be published in the Federal Register not later than 210 days after the date of the enactment of this Act. (b) Public Comment.—The proposed regulations described in subsection (a) shall be made available for public comment for a period of not less than 60 days. (c) Final Regulations.—Final regulations shall be published in the Federal Register not later than 330 days after the date of enactment of this Act. (d) Modifications.—Final regulations promulgated pursuant to this section to implement an amendment made by this Act may provide for modification of an existing contract without consideration upon the request of the contractor. (e) Savings Provisions.— (1) Validity of prior actions.—Nothing in this division shall be construed to affect the validity of any action taken or any contract entered into before the date specified in the regulations pursuant to section 4401(b)(3) except to the extent and in the manner prescribed in such regulations. (2) Renegotiation and modification of preexisting contracts.—Except as specifically provided in this division, nothing in this division shall be construed to require the renegotiation or modification of contracts in existence on the date of the enactment of this Act. (3) Continued applicability of preexisting law.—Except as otherwise provided in this division, a law amended by this division shall continue to be applied according to the provisions thereof as such law was in effect on the day before the date of the enactment of this Act until— (A) the date specified in final regulations implementing the amendment of that law (as promulgated pursuant to this section); or (B) if no such date is specified in regulations, January 1, 1997.