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January 5, 2007

The War Profiteering Prevention Act of 2007

-- by Dave Johnson

Yes, it has started. The Democrats are starting to introduce changes. Bush will certainly veto THIS one! It would ruin the retirement plans of so many of his buddies!

Leahy Introduces Bills To Combat War Profiteering, Public Corruption

Signaling a renewed emphasis on combating corruption at home and abroad, incoming Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.), introduced a package of bills Thursday targeting corrupt officials and private companies seeking to defraud American taxpayers and troops.

... Many Democratic Senators joined Leahy in reintroducing a bill creating criminal penalties for war profiteers and cheats who would exploit taxpayer-funded efforts in Iraq and elsewhere around the world.

Some of the hilites of the War Profiteering bill: (followed by the Corruption bill)

War Profiteering Prevention Act of 2007

§ Criminalizes war profiteering, which is defined as materially overvaluing any good or service with the specific intent to excessively profit from the war and relief or reconstruction activities

§ Statute would strengthen the tools available to federal prosecutors to combat war profiteering by providing clear authority for the Government to seek criminal penalties and to recover excessive profits for war profiteering overseas.

§ Prohibits any fraud against the United States, Iraq, or any other foreign country involving a contract for the provision of any goods or services in connection with a war, military action, or relief or reconstruction activities.

§ Subjects violators to up to 20 years imprisonment and a fine not to exceed the greater of $1,000,000 or twice the amount of any illegal gross profits, or both.

§ Prohibits making a false statement in any matter involving a contract for the provision of any goods or services in connection with a war, military action, or relief or reconstruction activities.

§ Subjects violators of this provision to up to 10 years imprisonment and a fine not to exceed the greater of $1,000,000, or twice the amount of any illegal gross profits, or both.

§ Creates extraterritorial jurisdiction over offenses committed overseas, and covers any person in the United States or abroad who violates its provisions.

The Effective Corruption Prosecutions Act of 2007
Provides federal investigators and prosecutors the statutory tools and the resources needed to ensure that serious and insidious public corruption is detected and punished.

Extends the statute of limitations for the most serious public corruption offenses, including bribery, deprivation of honest services, and extortion by a public official, from five years to eight years.

Facilitates the investigation and prosecution of a key federal statute used for prosecuting bribery involving state and local officials, as well as officials of the many organizations that receive substantial federal money

Authorizes $25 million over each of the next four years to give federal investigators and prosecutors needed resources to go after public corruption.

Posted by Dave Johnson at January 5, 2007 5:01 PM

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