Increased Federal Spending Oversight: Preventing Waste and Fraud.
This law aims to increase oversight of how the government spends money to reduce waste and fraud. It mandates that any new federal program spending over $100 million annually must automatically be treated as susceptible to significant improper payments. Furthermore, the act makes the requirement for federal agencies to report on improper payments permanent, increasing public spending transparency.
Key points
New federal programs spending over $100 million annually must immediately implement strict controls to prevent fraud and errors.
Federal agencies must report on improper payments every year, without time limits, increasing transparency in public spending.
Expired
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