S.3139: A bill to provide for greater accountability and transparency in the Federal contracting process, and for other purposes.

A bill to provide for greater accountability and transparency in the Federal contracting process, and for other purposes. 6/16/2008--Introduced. Oversight of the Performance and Effectiveness of National Contracting Act of 2008 - States the policy of the U.S. government concerning the award of contracts or grants to companies organized in an offshore secrecy jurisdiction to avoid federal tax obligations. Prohibits such awards. Requires the Director of the Office of Management and Budget (OMB) and the Secretary of the Treasury to adopt and revise regulations and guidance as necessary to effect this prohibition.Prohibits for one year (with exceptions) entry into or approval of any contract or subcontract with a company that files periodic reports under the Securities Exchange Act of 1934 and that has failed to certify the most recently due financial report as required by the Sarbanes-Oxley Act of 2002.Prohibits award of a contract with an executive agency unless [...]

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