Bipartisan Senate group introduces bill to force clean audit of Pentagon funding amid price gouging concerns
Key Excerpts from Article on Website of The Hill
Posted: September 3rd, 2023
A bipartisan group of Senators introduced legislation Wednesday to ensure the Defense Department passes a clean audit next year, with the bill following repeated concerns from Congress about fraud, waste and abuse in the Pentagon. The Audit the Pentagon Act of 2023 would require the Defense Department to pass a full, independent audit in fiscal 2024. Agencies within the Pentagon that fail to pass a clean audit would be forced to return 1 percent of its budget for deficit reduction, according to the legislation. The legislation comes after ... a CBS News report found defense contractors overcharged the Defense Department by nearly 40 percent to 50 percent. According to the Office of the Inspector General for the Defense Department, sometimes overcharging reached more than 4,000 percent. Sen. Bernie Sanders (I-Vt.) said the Pentagon “and the military industrial complex have been plagued by a massive amount of waste, fraud, and financial mismanagement for decades.” “That is absolutely unacceptable,” Sanders said in a statement announcing the legislation. “If we are serious about spending taxpayer dollars wisely and effectively, we have got to end the absurdity of the Pentagon being the only agency in the federal government that has never passed an independent audit.” The Defense Department failed its fifth audit last year and was unable to account for more than half of its assets, or more than $3 trillion.
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