Other Transactions Authority
Open Access DepositedBusiness Necessity that Needs to Have a Minor Tune-up? Or too Fast and Furious with No Built-in Safety Breaks?
As the government’s spending and the use of other transactions (OTs) continue to expand, there are constant unresolved issues of a lack of competition, transparency, and borderline negligent expenditure of taxpayers’ money without any sufficient built-in accounting mechanisms lurking in the OT’s shadows. The OTs advocates tend to dismiss those concerns in favor of the expedited acquisition processes and the desire to acquire more and better cutting-edge technology to stay competitive in the current global near-peer military rivalry. This thesis will explore the underlying laws that allow the use of OTs, their purpose, and the mechanisms to prevent fraud, waste, and abuse of the U.S. taxpayers’ dollars while balancing theneed and/or purpose against current business needs for OTs. Few rules usually mean more temptations for abuse of the system and fraud. This area of the law needs a compliance tune-up to run like a well-oiled machine for the Government to have public trust.
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