To prohibit profiteering and fraud relating to military action, relief, and reconstruction efforts, and for other purposes.
War Profiteering Prevention Act of 2007 - Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a mission of the U.S. Government overseas. Imposes: (1) a fine of not more than $1 million and/or a prison term of up to 20 years for knowingly defrauding the United States or a provisional authority in connection with such a mission or for materially overvaluing any goods or services with the intent to defraud; (2) a fine of not more than $1 million and/or a prison term of up to 10 years for falsification or concealment, false statements, or false documents in connection with such contracts or goods or services.
Grants extraterritorial federal jurisdiction over war profiteering and fraud offenses. Permits venue for the prosecution of such offenses in any district where any act in furtherance of an offense took place or where any party to a contract or provider of goods or services is located.
Allows criminal forfeiture of property obtained from a war profiteering or fraud offense. Makes war profiteering and fraud a predicate offense for money laundering and racketeering offenses.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 148.
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Judiciary. H. Rept. 110-353.
Reported (Amended) by the Committee on Judiciary. H. Rept. 110-353.
Placed on the Union Calendar, Calendar No. 218.
Mr. Scott (VA) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H11356-11363)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H11368-11369)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 375 - 3 (Roll no. 950).(text: CR H11357)
Roll Call #950 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 375 - 3 (Roll no. 950). (text: CR H11357)
Roll Call #950 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.