News - War Profiteering Act of 2007

The Senate Judiciary Committee will meet tomorrow to discuss several points of business. One of those items, S. 119, The War Profiteering Act of 2007, is of particular interest to me. The act is long overdue and strongly worded with heavy penalties for violators. This would amend Chapter 47 of title 18, United States Code, and should be of concern to the contractors who are exploiting the Iraq War. The mad money grab that defense, security and supply contractors have been making in Iraq may soon become a little harder snatch up if this gets by the President, without a signing statement.