Mandatory Disclosure Rules
From Knowledge base
Contractors Must Self-Report
When contractors violate certain laws or receive overpayments from the government, they are required to self-report this instances. These rules were enacted in November in 2008 and have two components.
A new basis for suspension and debarment from Government Contracting:
- A knowing failure by a "principal" to timely disclose "credible evidence" of:
(1) Violations of certain criminal fraud laws, including conflict of interest, bribery, or gratuity violations, (2) Violations of the civil False Claims Act, or (3) Significant Government Overpayments