Federal Contractors Could Be Forced to Self-Report Crimes

This should work out well. :eyes:

Federal Contractors Could Be Forced to Self-Report Crimes

By Dana Hedgpeth
Washington Post Staff Writer
Thursday, November 15, 2007; Page D02

The Justice Department has proposed tough new regulations for those who do business with the government, a reflection of the growing number of fraud, bribery and waste cases arising from the multibillion-dollar federal procurement process, say industry experts and regulators.

The new rules would require federal contractors to report themselves if any of their employees -- or subcontractors -- violate a criminal law related to a contract worth more than $5 million while that work is being done. If a contractor is caught not reporting its violations, it could be suspended or barred from doing business with the government for up to three years.

"This is a sea change in federal procurement law," said Peter S. Spivack, a partner at the law firm Hogan & Hartson who specializes in defending government contractors. "It requires contractors to turn themselves in if they believe someone committed fraud, for example, in doing a contract."

Currently, contractors can voluntarily report themselves. But the Justice Department says it is necessary to make reporting mandatory because "few companies have actually responded" to voluntary disclosure rules.

Having companies turn themselves in "hasn't worked" Spivack said, "so now they're saying, 'We're going to force you to turn yourself in, and if you don't and we find out later, we're going to keep you from doing business with the federal government.' That's giving the government the gun and the bullets and asking them not to shoot you."

more...

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/14/AR2007111402311.html?nav=rss_business

Failure to comply will result in the cancellation of pee pee privileges.

Hmmm... I wonder if the instances of masturbation will equal the number of illegal acts by contractors?