Stronger Renegotiation Board Backed
Washington—Aerospace industry is confronted with formidable congressional support for legislation arming the renegotiation board with new directives and powers for the annual recapture of excessive profits government business. The measure, sponsored by Rep. Joseph G. Minish (D.-N. J.), chairman of the Banking Committee’s subcommittee on renegotiation, cleared the House last year on a 251 to 129 vote, over the strenuous opposition of the Aerospace Industries Assn, and Electronic Industries Assn, (AW&ST Feb. 16, 1976, p. 43).