Fairness and Accountability in Defense Contracting Act - Requires each solicitation of offers by the Department of Defense (DOD) for a covered contract to include a requirement that the offeror include with the contract bid or proposal a written statement concerning compensation paid by the offeror during the previous year to former DOD officers or employees or former or retired members of the Armed Forces.
Includes as a covered contract a contract for the procurement of goods or services in excess of $1 million, other than a contract for the procurement of commercial items.