The Bush administration, after much prodding, will be tightening up the standards for fraud, waste, and abuse in government contracting, but only in the US.

If you are contracting outside of the US, say like Halliburton in Iraq, you do not have to report, “internal fraud or overpayment on government-funded projects” in excess of $5 million.

My guess is that it would sweep up too many of their campaign contributors and Dick Cheney’s Golfing Buddies.