Lawmakers again target military contractors' price gouging

A bipartisan group of lawmakers is set to reintroduce a bill to rein in price gouging by military contractors, CBS News has learned.

The Stop Price Gouging the Military Act, first introduced by Sen. Elizabeth Warren and Rep. John Raymond Garamendi in June of last year, would close acquisition law loopholes, tie financial incentives for contractors to performance and provide the Department of Defense with information needed to prevent future rip-offs.