PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Congressional Research Service
Version 00 · Introduced in Senate · Apr 24, 2008
Guaranteeing Real Accountability in Federal Transactions Act - Requires a government contractor that has reasonable grounds to believe it has violated a criminal law or received a significant overpayment in connection with the award or performance of a covered contract to notify the Office of Inspector General of the awarding executive agency within 14 days of becoming aware of the violation or overpayment. Provides for debarment or suspension for knowingly failing to notify.
Defines a "covered contract" as one for more than $1 million.
Requires reported violations and overpayments to be listed on the searchable website established and maintained under the Federal Funding Accountability and Transparency Act of 2006.
Showing the opening paragraphs of the official summary.
Requires the Director of the Office of Management and Budget (OMB) to report to Congress annually on such violations and overpayments.
Prohibits covered contractors from prohibiting or restricting persons from engaging in actions for which a protection against reprisal is provided under the Federal Property and Administrative Services Act of 1949. Makes provisions of a covered contract or a contract between a covered contractor and an employee performing work under such contract that limit or restrain an individual from engaging in such actions invalid and void.
People & committees
Sen. Clinton, Hillary Rodham [D-NY] · D–NY
Legislative record
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Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.
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