<\body> Stories in America: The Accountability in Contracting Act

Friday, March 16, 2007

The Accountability in Contracting Act

H.R. 1362 - The Accountability in Contracting Act
Under the Bush Administration, spending on no-bid contracts has more than doubled and the Administration has hidden contractor overcharges from Congress, international auditors, and the public, impeding oversight and diminishing accountability. This bill changes federal acquisition law to require agencies to limit the use of abuse-prone contracts, to increase transparency and accountability in federal contracting, and to protect the integrity of the acquisition workforce. The bill limits the duration of no-bid contracts awarded in emergencies to eight months, requires large federal agencies to develop and implement a plan to minimize the use of noncompetitive contracts, requires an agency to prepare a public letter explaining why it awarded a no-bid contract, requires that contract overcharges more than $1 million be disclosed to Congress, mandates that agencies devote at least an additional 1% of their procurement budgets to contract oversight, planning and administration, and closes the revolving door, requiring that former federal procurement officers wait one year before seeking employment at a lobbying or contracting firm.
Learn more from the Oversight committee>>
Click here to read the bill >>


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