A bill to amend the Federal Property and Administrative Services Act of 1949 to reform contracting procedures and contract supervision practices of the Federal Government, and for other purposes.

[AI summary unavailable — showing source text] Amends the Federal Property and Administrative Services Act of 1949 to revise contracting procedures and contract supervision practices of the Federal Government. Requires every person entering into a contract with the Government for the procurement, transfer, or disposition of property or services to certify that: (1) all material information required by the Administrator of General Services has or will be furnished; and (2) such information is not false or misleading. Sets forth a penalty assessment schedule for false certifications and violations of certification requirements. Directs the Administrator, before issuing an order to assess such a penalty against any person, to provide such person an opportunity for an agency hearing. Authorizes only the Administrator to modify any penalty assessed. Empowers the Administrator to subpoena witnesses and records for the purposes of an investigation leading to a hearing. Permits any person who is aggrieved by a final order assessing a penalty to petition for judicial review of such order. Directs the Attorney General to bring an action in an appropriate district court against any person who fails to pay an assessment. Directs the Admini…