War Profiteering Prevention Act of 2007

Bill: 110-hr-400
Sponsor: Rep. Abercrombie, Neil [D-HI-1]
Introduced: 2007-01-11 in the House
Policy area: Crime and Law Enforcement
Subjects: Armed Forces and National Security
Commerce
Defense budgets
Defense procurement
Fines (Penalties)
Forfeiture
Fraud
Government Operations and Politics
Government contractors
International Affairs
International relief
Iraq compilation
Jurisdiction
Military assistance
Military civic action
Military construction operations
Military intervention
Military occupation
Military operations
Money laundering
Organized crime
Profit
War relief

Summary:
action_date: 2007-01-11
text: 
War Profiteering Prevention Act of 2007 - Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war, military action, or relief or reconstruction activities within U.S. jurisdiction (including making materially false statements or representations or materially overvaluing any good or service with the specific intent to make excessive profit). Sets penalties for violations, including up to 20 years' imprisonment and a fine of the greater of $1 million or twice the gross profits or other proceeds. Subjects: (1) any property which constitutes or is derived from proceeds traceable to a violation to civil and criminal forfeiture; and (2) transactions involving such property or proceeds to money laundering provisions. 

action_date: 2007-09-27
text: 
War Profiteering Prevention Act of 2007 - Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a mission of the U.S. Government overseas. Imposes: (1) a fine and/or prison term of up to 20 years for knowingly defrauding the United States or a provisional authority in connection with such a mission or for materially overvaluing any goods or services with the intent to defraud; (2) a fine and/or prison term of up to 10 years for falsification or concealment, false statements, or false documents in connection with such contracts or goods or services. Authorizes an additional fine of the greater of $1 million or twice the gross profits or proceeds realized from fraudulent activities. 

Grants extraterritorial federal jurisdiction over war profiteering and fraud offenses. Permits venue for the prosecution of such offenses in any district where any act in furtherance of an offense took place or where any party to a contract or provider of goods or services is located. 

Allows criminal forfeiture of property obtained from a war profiteering or fraud offense. Makes war profiteering and fraud a predicate offense for money laundering and racketeering offenses.

action_date: 2007-10-09
text: 
War Profiteering Prevention Act of 2007 - Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a mission of the U.S. Government overseas. Imposes: (1) a fine of not more than $1 million and/or a prison term of up to 20 years for knowingly defrauding the United States or a provisional authority in connection with such a mission or for materially overvaluing any goods or services with the intent to defraud; (2) a fine of not more than $1 million and/or a prison term of up to 10 years for falsification or concealment, false statements, or false documents in connection with such contracts or goods or services. 

Grants extraterritorial federal jurisdiction over war profiteering and fraud offenses. Permits venue for the prosecution of such offenses in any district where any act in furtherance of an offense took place or where any party to a contract or provider of goods or services is located. 

Allows criminal forfeiture of property obtained from a war profiteering or fraud offense. Makes war profiteering and fraud a predicate offense for money laundering and racketeering offenses.


Legislative actions:
action_date: 2007-10-17
text: Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
action_date: 2007-10-15
text: Received in the Senate.
action_date: 2007-10-09
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2007-10-09
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 375 - 3 (Roll no. 950). (text: CR H11357)
action_date: 2007-10-09
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 375 - 3 (Roll no. 950).(text: CR H11357)
action_date: 2007-10-09
text: Considered as unfinished business. (consideration: CR H11368-11369)
action_date: 2007-10-09
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2007-10-09
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
action_date: 2007-10-09
text: Considered under suspension of the rules. (consideration: CR H11356-11363)
action_date: 2007-10-09
text: Mr. Scott (VA) moved to suspend the rules and pass the bill, as amended.
action_date: 2007-09-27
text: Placed on the Union Calendar, Calendar No. 218.
action_date: 2007-09-27
text: Reported (Amended) by the Committee on Judiciary. H. Rept. 110-353.
action_date: 2007-09-27
text: Reported (Amended) by the Committee on Judiciary. H. Rept. 110-353.
action_date: 2007-08-01
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2007-08-01
text: Committee Consideration and Mark-up Session Held.
action_date: 2007-07-24
text: Forwarded by Subcommittee to Full Committee by Voice Vote .
action_date: 2007-07-24
text: Subcommittee Consideration and Mark-up Session Held.
action_date: 2007-06-19
text: Subcommittee Hearings Held.
action_date: 2007-02-02
text: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
action_date: 2007-01-11
text: Referred to the House Committee on the Judiciary.
action_date: 2007-01-11
text: Introduced in House
action_date: 2007-01-11
text: Introduced in House