Here's a pop quiz: name one employer that gives you a company credit card, but doesn't keep track of your purchases and spending record. Did you guess the U.S. federal government? Congratulations--you win a free spending spree.
Government-issued credit cards intended to pay for travel costs and small purchases like office supplies have been abused for years because of a lack of oversight. But a new piece of legislation aims to stop this practice for good.
The Government Charge Card Abuse Prevention Act, introduced by Senators Charles Grassley (R-IA), Joseph Lieberman (I-CT), and Susan Collins (R-ME), requires federal agencies to put new safeguards and controls on government charge cards used by federal employees. The bill would also require penalties for violations.
As The Washington Post reported this week, in the past, federal employees have used government-issued credit cards on everything from gambling expenses and excessive airlines tickets to adult entertainment stores and brothels.
While reporting on this legislation, one congressional staffer (who wished to remain unnamed) told me that there is concern the Department of Defense may try to water down the legislation. This seems a shame, given that there is presently so little oversight on these cards. For now, we'll just have to stay tuned.
Do you think there should be more oversight of government credit cards? Do you support this legislation?