Major Fraud Act of 1988

'The Major Fraud Act of 1988 was enacted to provide increased penalties for certain major frauds against the United States. The law amends title 18 of the US Code, adding a new chapter and section that define major fraud against the government. It provides for fines not exceeding $1 million or imprisonment not exceeding 10 years, or both. The law also establishes additional assistant United States attorneys and support staff positions to prosecute cases under both criminal and civil statutes. Furthermore, it limits the allowability of costs incurred by federal government contractors in certain proceedings, including costs related to criminal, civil, or administrative investigations or prosecutions.'