(a) Section 1(e) of Pub. L. 87-849, 18 U.S.C. 218 (the Act ), empowers the President or the heads of executive agencies acting under regulations prescribed by the President, to declare void and rescind contracts and other transactions enumerated in the Act, in relation to which there has been a final conviction for bribery, conflict of interest, or any other violation of Chapter 11 of Title 18 of the United States Code (18 U.S.C. 201-224 ). Executive Order 12448, November 4, 1983, delegates the President's authority under the Act to the heads of the executive agencies and military departments.
(b) Sub section 27(e)(3) of the Office of Federal Procurement Policy Act (41 U.S.C. 423) (the OFPP Act), as amended, requires a Federal agency, upon receiving information that a contractor or a person has engaged in conduct constituting a violation of sub section 27 (a) or (b) of the OFPP Act, to consider recission of a contract with respect to which—
(1) The contractor or someone acting for the contractor has been convicted for an offense punishable under sub section 27(e)(1) of the OFPP Act; or
(2) The head of the agency, or designee, has determined, based upon a preponderance of the evidence, that the contractor or someone acting for the contractor has engaged in conduct constituting such an offense.
[51 FR 27116, July 29, 1986, as amended at 62 FR 232, Jan. 2, 1997]
Title 48 published on 2012-10-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.