A cap on how much contractors can charge the government for their top execs would be extended to all defense contract employees as part of the agreement reached by House and Senate leaders for the 2012 National Defense Authorization Act. Currently, contractors can seek reimbursement for the compensation — wages, salary, bonuses and deferred compensation — of each of the company’s top five executives. Legislation now proposed for the 2012 NDAA would extend that cap, which is now at $693,951, to all employees that work on a contract or are included in the overhead costs of a contract. The Defense Department could…
Browsing: political contribution
While a discussion about corporate disclosure of campaign contributions seems to already have occurred among politicians and transparency groups, the Federal Election Commission deadlocked once again on a vote to re-open public discussion of disclosure rules for political advertisements. These advertisements, called independent expenditures and electioneering communications, are used to support or oppose candidates, or publicize issues with the names or images of candidates. FEC Chair Cynthia Bauerly offered up a “draft notice of proposed rulemaking” at the June 15 commission meeting to re-open public comment on existing rules that require donations to outside groups to be disclosed only when…
A group of House Democrats sent the President their written support of a draft executive order that would require contractors to disclose what they spend on lobbying and political campaigns. “Absent public disclosure, there will certainly be some contractors who would seek to influence the awarding of contracts through unreported political contributions,” says the letter, dated June 2 and signed by 25 members. “By requiring contractors to disclose such contributions, you will help to prevent the temptation to engage in inappropriate and illegal behavior.” Another group of primarily Republican senators have sent letters and issued statements in opposition of the proposed order, leaked in April. They say…