Central Contractor Registry Act of 2005

The Central Contractor Registry Act of 2005 proposes the creation of a permanent, centralized electronic database to track all businesses and individuals seeking to provide goods or services to the federal government. To improve financial accountability, the bill would require contractors to provide their taxpayer identification numbers and authorize the Department of Defense to verify this information with the IRS. Under this legislation, any contractor who fails to register or provides inaccurate tax information would be ineligible to receive federal contracts.