Ban on Dual Contracts for Consulting Firms: US and China
This act aims to prevent conflicts of interest by prohibiting consulting firms from simultaneously providing services to the U.S. government and entities linked to the Chinese government. This is intended to protect the national and economic security of citizens by ensuring that companies working with the U.S. government do not simultaneously support actions of a foreign state that could harm American interests.
Key points
Consulting firms will not be allowed to work for both the U.S. government and entities linked to the Chinese government at the same time.
Firms must certify they do not hold such dual contracts before entering into an agreement with the U.S. government.
Severe penalties, including contract termination and future federal contract bans, will apply for submitting false information.
Expired
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