Preventing Improper Payments: New Rules for Federal Programs
This act aims to better control government spending to reduce erroneous payments. It introduces new rules for federal programs that disburse large sums of money, treating them as potentially susceptible to irregularities. As a result, citizens can expect their tax money to be spent more efficiently and responsibly.
Key points
New federal programs paying over $100 million annually will automatically be considered susceptible to payment errors, requiring greater scrutiny.
The act modifies reporting requirements to ensure continuous monitoring and prevention of improper payments in the future.
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