On November 25, 2015, President Obama signed the National Defense Authorization Act for Fiscal Year 2016. This bill had previously been passed by Congress but vetoed by the President. The new law authorizes $5 billion less than the previously-passed bill and was designed to comply with the bipartisan budget compromise reached last month.
The Act represents the first major effort by Congress to reform the Defense Procurement process. Particular attention should be given to the provisions in Title VIII of the bill, which attempt to improve contracting procedures applicable to the procurement of commercial items. The Act did not include any provisions that would impact the domestic sourcing requirement, the Specialty Metals Amendment.
The full text of the bill is available at https://www.congress.gov/bill/114th-congress/senate-bill/1356/text.