50 U.S.C. § 1433 : US Code - Section 1433: Public record; examination of records by Comptroller General; exemptions: exceptional conditions; reports to Congress

Search 50 U.S.C. § 1433 : US Code - Section 1433: Public record; examination of records by Comptroller General; exemptions: exceptional conditions; reports to Congress

(a) All actions under the authority of this chapter shall be made
a matter of public record under regulations prescribed by the
President and when deemed by him not to be detrimental to the
national security.
(b) All contracts entered into, amended, or modified pursuant to
authority contained in this chapter shall include a clause to the
effect that the Comptroller General of the United States or any of
his duly authorized representatives shall, until the expiration of
three years after final payment, have access to and the right to
examine any directly pertinent books, documents, papers, and
records of the contractor or any of his subcontractors engaged in
the performance of and involving transactions related to such
contracts or subcontracts. Under regulations to be prescribed by
the President, however, such clause may be omitted from contracts
with foreign contractors or foreign subcontractors if the agency
head determines, with the concurrence of the Comptroller General of
the United States or his designee, that the omission will serve the
best interests of the United States. However, the concurrence of
the Comptroller General of the United States or his designee is not
required for the omission of such clause -
(1) where the contractor or subcontractor is a foreign
government or agency thereof or is precluded by the laws of the
country involved from making its books, documents, papers, or
records available for examination; and
(2) where the agency head determines, after taking into account
the price and availability of the property or services from
United States sources, that the public interest would be best
served by the omission of the clause.
If the clause is omitted based on a determination under clause (2),
a written report shall be furnished to the Congress.