Sens. J.D. Vance (R-Ohio) and Josh Hawley (R-Mo.) have introduced legislation to prevent further accounting errors at the Department of Defense (DOD) after a “valuation error” came to light recently at the Pentagon amounting to over $6 billion. The draft bill (pdf) aims to amend the Foreign Assistance Act of 1961 to require the Pentagon…
Lawmakers Launch Bill to Prevent More ‘Accounting Errors’ at Pentagon After $6.2 Billion Flub
July 12, 2023
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Pentagon Faces Pressure Over $6.2 Billion Accounting ‘Error’ as House Panel Demands Accountability
The Pentagon is facing calls for accountability from House lawmakers over a multibillion-dollar accounting error relating to military aid to Ukraine. “Our committee is alarmed by the Pentagon’s financial management practices, particularly regarding the recent overestimation in the value of weapons sent to Ukraine by $6.2 billion,” the Republican-led House Oversight Committee said in a…
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