The House finally passes legislation to hold government contractors financially accountable. Of course now that Haliburton, KBR, Blackwater et al,, have milked the proverbial government cow dry I guess their lobbyists decided to give up the fight. Given the state of the economy, contractors may need to look elsewhere if they want to get paid.
Now, it would be nice if Congress would hold them accountable for the moral and ethical abuses. But this is a nice baby step.
from Speaker Pelosi blog "The Gavel"
Today, the House passed three more key bills to hold federal contractors accountable and crack down on fraud and abuse. U.S. taxpayers are outraged at the massive levels of waste, fraud and abuse that have been documented in large government contracts to well-connected firms, such as the $45 billion in reconstruction contracts in Iraq.
These three bills are:
Contractors and Federal Responsibility Act, H.R. 3033, which creates a comprehensive, centralized database that lists civil, criminal and administrative proceedings concluded by federal and state governments against federal contractors.
Close the Contractor Fraud Loophole Act, H.R. 5712, which closes a loophole in a proposed rule so that mandatory fraud reporting requirements would apply to U.S. contractors working overseas as well as to contractors working here at home.Government Contractor Accountability Act, H.R. 3928, which requires companies receiving 80% or more of their annual gross revenue from federal contracts to disclose the salaries of their most highly-compensated officers
For more on H.R. 3033, H.R. 5712 & H.R. 3928 visit OpenCongress.org