The Senate Homeland Security and Governmental Affairs Committee is creating a new subcommittee to examine a half-trillion dollars a year in federal contracts.
The new Ad Hoc Subcommittee on Contracting Oversight will be chaired by Claire McCaskill , D-Mo., and paid for in part with the increased funding allotted to Senate Democrats because of their enlarged margin in the 111th Congress.
Announcing the subcommittee in a news release Thursday, Committee Chairman Joseph I. Lieberman , I-Conn., said federal contract management is one of the greatest operational challenges facing the government and an area consistently ranked at high risk of waste, fraud and abuse by the Government Accountability Office.
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