Financial Institutions Face New Debarment Risks

Law360, New York (April 17, 2013, 12:23 PM EDT) -- Congress in recent years has responded to instances of government contractor misconduct by pressuring agencies to debar more contractors, and by enacting laws to make debarment easier. In fact, some lawmakers have favored making debarment automatic and mandatory.

After the bipartisan Commission on Wartime Contracting issued a scathing report on unpunished fraud and waste by contractors in Iraq and Afghanistan, Sen. Claire McCaskill, D-Mo. — now chairman of the Senate Subcommittee on Financial and Contracting Oversight — proposed that contractors facing charges or allegations of crimes...
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