The Senate Judiciary Committee has approved a bill that would impose stiff fines and prison sentences on war profiteers.
The bill, S.119, now goes to the Senate for consideration. It provides that anyone who attempts to defraud the United States or “materially overvalues” goods or services to gain excess profits
could be sent to prison for up to 20 years, and be subject to fines of $1 million or twice the gross profits gained through the profiteering scheme.
GovExec.com ran an April 13, 2007 article on the bill.