Sec. 632. Public disclosure by large contractors
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In this section, the term covered contractor means an entity that earns more than— $10,000,000 during a 1-year period under a Federal contract or license; or 20 percent of the total revenue of the entity from Federal sources. Each covered contractor shall, on an annual basis, submit to the Director of the Office of Public Integrity and the Administrator of the Office of Federal Procurement Policy— any audited financial statements of the covered contractor; a listing of the salaries of employees of the covered contractor providing services on Federal contracts that are compensated over $100,000 per year; a detailed list of all Federal political spending by the covered contractor; and the identity of each beneficial owner of the covered contractor, including— name; current residential or business street address; and whether the beneficial owner is a foreign person.
The Director of the Office of Management and Budget may— in consultation with the Administrator of the Office of Federal Procurement Policy and the Director of the Office of Public Integrity, temporarily or indefinitely disqualify a covered contractor from receiving a Federal contract if the Director of the Office of Management and Budget determines that the covered contractor failed to comply with the requirement under subsection (b); and reinstate the ability of a covered contractor described in paragraph
(1)to receive a Federal contract.