That is why, according to the CIA, a number of regimes deeply hostile to America – North Korea,
Iraq, Iran, Libya and Syria – “already have or are developing ballistic missiles” that could threaten U.S allies and forces abroad. And one, North Korea, is on the verge of deploying missiles that can hit the American homeland. Such capabilities pose a grave challenge to the American peace and the military power that preserves that peace.

The ability to control this emerging threat through traditional nonproliferation treaties is limited when the geopolitical and strategic advantages of such weapons are so apparent and so readily acquired....

We cannot allow North Korea, Iran, Iraq or similar states to undermine American leadership, intimidate American allies or threaten the American homeland itself.

War Profiteering Act of 2007

Similar to the goals of the renegotiation acts to control excessive war profits, the War Profiteering Act of 2007 (“WPA”) seeks to amend the federal criminal code to prohibit profiteering and fraud by levying more stringent penalties on such illegal actions. The WPA provides in relevant parts that it shall be a violation of law for any person involved in the performance of a contract “in connection with a war, military action, or relief or reconstruction activities within the jurisdiction of the United States Government,” who “ knowingly and willfully” defrauds or attempts to defraud the government or “materially overvalues any good or service with the specific intent to defraud and excessively profit from the war, military action, or relief or reconstruction activities.”38 A contractor found to have overcharged the government may be fined the greater of $100,000 or not more than twice the gross profits or other proceeds derived from the overvaluation.39 In addition, such parties may also be subject to imprisonment for up to not more than ten years.