of their most highly compensated officers, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Government Con-
tractor Accountability Act of 2007’’. 
SEC. 2. CERTIFICATION AND OTHER FINANCIAL DISCLO-
SURE REQUIREMENTS FOR CERTAIN GOV-
ERNMENT CONTRACTORS. 
(a) REQUIREMENTS.— 
(1) CERTIFICATION
OR
DISCLOSURE
AFTER 
AWARD OF CONTRACT.—For each contract entered 
into by the Federal Government with a covered con-
tractor, the contracting officer for the contract shall 
require the contractor to submit to the contracting 
officer, within 90 days after award of the contract, 
one of the following: 
(A) CERTIFICATION
OF
PERCENT
OR 
LESS
GROSS
REVENUE
FROM
FEDERAL
CON-
TRACTS.—A certification that the contractor re-
ceived, during the fiscal year preceding the fis-
cal year in which the contract is awarded, 80 
percent or less of its annual gross revenues 
from other contracts with the Federal Govern-
ment. 
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(B) FINANCIAL DISCLOSURE.—In the case 
of a contractor that cannot make the certifi-
cation described in subparagraph (A), a state-
ment disclosing the names and salaries, during 
such preceding fiscal year, of the principal exec-
utive officer, the principal financial officer, the 
three most highly compensated other executive 
officers or individuals, and the directors of the 
contractor. 
(2) ANNUAL
UPDATE
OF
FINANCIAL
DISCLO-
SURE.—For each contract for which a statement de-
scribed in paragraph (1)(B) is submitted, the con-
tracting officer for the contract shall require the 
contractor to submit, during each fiscal year in 
which the contract is being performed (after the fis-
cal year in which the contract is awarded), a state-
ment containing an update of the information re-
quired under that paragraph, covering the preceding 
fiscal year. 
(b) AVAILABILITY.—The information required to be 
submitted pursuant to subsection (a) shall be made pub-
licly available in searchable form through the Federal Pro-
curement Data System (described in section 6(d)(4)(A) of 
the Office of Federal Procurement Policy Act (41 U.S.C. 
406(d)(4)(A))). 
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(c) COVERED CONTRACTOR.—In this Act, the term 
‘‘covered contractor’’ means, with respect to a fiscal year, 
an individual or entity— 
(1) 
that 
received 
more 
than 
$5,000,000$25,000,000 in annual gross revenues 
from Federal contracts (or subcontracts (at any tier) 
under Federal contracts) for the preceding fiscal 
year; and 
(2) that is not a publicly traded company re-
quired to file periodic reports under section 13(a) or 
15(d) of the Securities Exchange Act of 1934 (15 
U.S.C. 78m(a), 78o(d)). 
(d) REGULATIONS.—The Administrator of General 
Services shall promulgate regulations to carry out this 
Act. 
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Union Calendar No. 367 
110TH CONGRESS 
2D SESSION 
H. R. 3928 
[Report No. 110–594] 
A BILL 
To require certain large government contractors 
that receive more than 80 percent of their annual 
gross revenue from Federal contracts to disclose 
the names and salaries of their most highly com-
pensated officers, and for other purposes. 
APRIL 17, 2008 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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