Responsibility in Federal Contracts Act

Bill Number

HR 746

Introduced

Feb 12, 2003

Latest Action

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subs ...

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Topics

Accounting Business records Commerce Corporate governance Corporation directors Executives Finance and Financial Sector Financial statements Government contractors Government Operations and Politics Government paperwork Government publicity Information disclosure (Securities law) Subcontractors

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Votes

Summary

Responsibility in Federal Contracts Act - Prohibits the Federal Government from contracting with companies that have failed to certify the most recent periodic financial report required under the Sarbanes-Oxley Act of 2002 that is due before the contract award date.

States the period of prohibition shall remain in effect for one year beginning on the date that the most recent periodic report was due.

Requires the Securities and Exchange Commission to make available to the public on a quarterly basis a list of companies that have failed to make such certification.

Actions

Feb 27, 2003

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman.
Feb 12, 2003

Referred to the Committee on Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 12, 2003

Introduced in House

Amendments

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