Photo from source, Raw Story
Well, howdy do! The White House injects a little loophole in the budget that explicitly allows fraud abroad. And they don't want to change it. So if you're a government contractor, and you're frustrated with investigations and oversight when you rip off the taxpayers, you can just do it abroad instead! How nifty.
White House won't remove loophole allowing foreign contractors to ignore fraud
The White House has indicated it will not remove a loophole quietly inserted into a budget rule which allows contractors abroad to keep silent if they observe fraud or abuse on US government contracts.
The proposed rule, put forth by the White House Office of Management and Budget last year, exempts all companies who do work overseas from a new regulation requiring US contractors to report waste, fraud or abuse they encounter while doing work for the government. . .
Read more at: Raw Story