What is the official ID of this bill?
The official print number for this legislation is HR 2989.
Consulting Firms Must Choose: US Government Contracts or Foreign Adversaries.
This Act aims to protect US national and economic security by eliminating conflicts of interest. Consulting firms seeking contracts with the US government must certify they are not simultaneously providing services to China, Russia, or other covered foreign entities. Citizens benefit indirectly from enhanced national security and reduced risk of sensitive information leaks, safeguarding US interests.
Key points
The 'Time to Choose' requirement: Consulting firms must decide whether to work for the US government or for specified foreign entities (including China and Russia).
Certification and Penalties: Firms must certify they have no conflicts of interest before securing a federal contract. False certification leads to contract termination and severe financial penalties under the False Claims Act.
Waivers for National Security: Executive agencies can grant case-by-case waivers if deemed essential for national security, subject to strict oversight, reporting to Congress, and public disclosure of the foreign entities involved.
Status:
Introduced
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