Thursday, March 13, 2008

White House won't remove loophole allowing foreign contractors to ignore fraud

03/13/2008 @ 8:32 am
Filed by John Byrne

The White House has indicated it will not remove a loophole quietly inserted into a budget rule which allows contractors abroad to keep silent if they observe fraud or abuse on US government contracts.

The proposed rule, put forth by the White House Office of Management and Budget last year, exempts all companies who do work overseas from a new regulation requiring US contractors to report waste, fraud or abuse they encounter while doing work for the government.

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