Reality-Based Thoughts, Ruminations, and Unsolicited Opinions of a University of Illinois at Urbana-Champaign student alumnus and employee.
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I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands: one Nation, indivisible, with Liberty and Justice for all.
U.S. fraud statutes protect against waste of tax dollars at home, but none expressly prohibit war profiteering and none expressly confer extraterritorial jurisdiction overseas. The Leahy-Feinstein-Durbin amendment would criminalize "war profiteering" -- overcharging taxpayers for any good or service with the specific intent to excessively profit from the war or reconstruction efforts in Iraq. The bill also prohibits fraud and false statements in any matter involving a contract or the provision of goods or services in Iraq. These new crimes would be felonies, subject to criminal penalties of up to 20 years in prison and fines of up to $1 million or twice the illegal gross profits of the crime. Leahy described it as "strong and focused sanctions" that are narrowly tailored to criminalize and create tough criminal penalties for fraud or excessive profiteering in contracts, here and abroad, related to the war or reconstruction efforts in Iraq.
Leahy, Feinstein and Durbin will re-introduce the legislation again as a separate bill and will work to win its passage. But because criminal penalties cannot be made retroactive, the absence of penalties in this supplemental appropriations bill will hamper efforts to crack down on war profiteering that involves funds from this bill.
Seems like Haliburton and Friends want as much of the pie as they can get before it's too late.
:: The Squire 10:22 PM :: email this post :: ::
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