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Wednesday, April 16, 2008
House Committee Approves Contractor Fraud Loophole Fix
By a voice vote, the the House Oversight and Government Reform Committee approved a bill (HR 5712) that would close a loophole in the Federal Acquisition Regulation (FAR) that excuses federal contractors working overseas from reporting fraud. The loophole was inserted into the federal procurement rules and was published in November of last year as part of a contracting oversight measure. Called a "drafting error" by GSA chief acquisition officer David Drabkin, the loophole exempts companies performing federal contracts overseas from mandatory reporting of employee contract fraud.
For more background on (with hints of Administration shenanigans), see:
AP: Administration says contracting fraud loophole was mistake
Brattleboro Reformer: Official says fraud loophole was a mistake
GovExec: House committee approves bill to close contracting loophole
GovExec: Much-derided overseas contracting loophole to be closed
Posted by Craig Jennings
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