Leahy introduces The War Profiteering Prevention Act of 2007

Go Leahy!

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. The War Profiteering Prevention Act of 2007 builds on earlier efforts by Leahy, who is also a senior member of the Appropriations Committee, to crack down on this type of rampant fraud and abuse.

This thing actually appears to have some nice points in it, from the release.

§ 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.




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