Truth in Financing Act - Disqualifies any recipient of Federal funds from Federal funding of any type if, at a time when the recipient is receiving Federal funds for any of the recipient's activities, the recipient is found by any Federal agency or Federal or State court to have: (1) made a false statement on an application for Federal funds; (2) violated any Federal law or regulation or State or local law punishable by imprisonment for at least 6 months or a fine of at least $5,000; and (3) aided or abetted the violation of any law or regulation described in clause (2).
Permits any U.S. citizen to bring a private cause of action against any organization receiving Federal funds for any violation of the above.
Actions
Oct 8, 2002
Referred to the House Committee on Government Reform.
Oct 8, 2002
Sponsor introductory remarks on measure. (CR E1798-1799)