The Senate Tuesday passed a bipartisan bill aimed at rooting out any instances of conflict of interest in federal contracting by removing any conflicts between taxpayer-funded projects and federal government contractors’ other business opportunities.
The Senate passed the Preventing Organizational Conflicts of Interest in Federal Acquisition Act, led by Senator Gary Peters, D-MI., the Chairman of the Senate Homeland Security and Governmental Affairs Committee, that would require federal agencies to identify potential conflicts for specific contracts early in the process. The bill is expected to pass the House as well…
The new legislation aims to increase transparency in the federal contracting process by requiring Federal contractors to disclose other business relationships with entities that conflict with the specific work that an agency has hired them to do.
Private companies currently under contract with the U.S. government would also be required under the law to disclose new potential business that opposes ongoing services they are providing to the government or the public at large… Read the full article here.
