S.119 - Federal Government - A bill to prohibit profiteering and fraud relating to military action, relief, and reconstruction efforts, and for other purposes.

A bill to prohibit profiteering and fraud relating to military action, relief, and reconstruction efforts, and for other purposes. 5/15/2007--Reported to Senate amended.    (There is 1 other summary) War Profiteering Prevention Act of 2007 - Amends the federal criminal code to impose a fine and/or prison term of up to 20 years for 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. Prohibits: (1) executing or attempting to execute a scheme or artifice to defraud the United States; and (2) materially overvaluing any good or service with the specific intent to defraud and excessively profit from the war, military action, or relief or reconstruction activities. Imposes a fine or prison term of up to 10 years for: (1) falsifying, concealing, or covering up by any trick, scheme, or device a material fact; (2) making [...]

show full description