U.S. Congress - S.2905 Close the Contractor Fraud Loophole Act
S.2905 - Close the Contractor Fraud Loophole Act
A bill to require disclosure by Federal contractors of certain violations relating to the award or performance of Federal contracts. view all titles (2)
All Bill Titles
- Short: Close the Contractor Fraud Loophole Act as introduced.
- Official: A bill to require disclosure by Federal contractors of certain violations relating to the award or performance of Federal contracts. as introduced.
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Official Summary
4/24/2008--Introduced.Close the Contractor Fraud Loophole Act - Requires the Federal Acquisition Regulation to be amended within 180 days after this Act's enactment to include provisions that require timely notification by federal contractors of violations of federal criminal law or oOfficial Summary
4/24/2008--Introduced.Close the Contractor Fraud Loophole Act - Requires the Federal Acquisition Regulation to be amended within 180 days after this Act's enactment to include provisions that require timely notification by federal contractors of violations of federal criminal law or overpayments in connection with the award or performance of covered contracts or subcontracts, including those performed outside the United States and those for commercial items.
Defines the term "covered contract" to mean any contract in an amount greater than $5 million and more than 120 days' duration.
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