Last week, the Justice Department’s Antitrust Division and the Procurement Collusion Strike Force (PCSF) hosted a summit with law enforcement partners to discuss emerging threats and strategies to confront them.
As some may recall, the PCSF is the Justice Department’s coordinated, joint law enforcement effort to combat antitrust crimes and related fraudulent schemes that impact procurement, grant and program funding at all levels of government — federal, state and local. Since its inception, the PCSF has apparently “opened” more
than 100 criminal investigations while prosecuting over 65 companies and individuals involving over $500 million worth of government contracts, suggesting that even more prosecutions are on the way soon.
Among other things, during the summit, the group discussed the heightened potential of procurement collusion risk resulting from the Infrastructure Investment and Jobs Act, the Inflation Reduction Act of 2022, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022 and supplemental funding in response to the invasion of Ukraine.
#chips #dod #constructionindustry #governmentcontracts
Programme Manager/Director
1moInside IR35 role? It’s mandatory to use an umbrella company, rather than running payroll through your own company. Risk is on the contractor either way.