Fraud Prevention and Accountability Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Fraud Prevention and Accountability Act establishes new functions within the Department of the Treasury to prevent fraud and improper payments in federal programs. It creates an Office of the Inspector General for Fraud, Accountability, and Recovery (OIGFAR) to audit and investigate federal spending, particularly related to coronavirus response funds and large awards. The bill also mandates data sharing agreements between federal agencies and private entities to detect and prevent fraud, and requires the Treasury to administer the Do Not Pay system to verify recipient identity and eligibility before making payments.
Key provisions
- Establishes the Office of the Inspector General for Fraud, Accountability, and Recovery (OIGFAR) within the Department of the Treasury.
- Assigns financial integrity, improper payment prevention, and spending transparency functions to the Bureau of the Fiscal Service.
- Requires federal agencies to share data on fraud and improper payments with the Department of the Treasury and OIGFAR.
- Mandates data sharing agreements with other federal agencies and allowable private entities to prevent fraud.
- Requires OIGFAR to audit and investigate the use of federal funds, including those related to coronavirus response laws, large awards, and emergency spending.
- Establishes a voluntary governmentwide program for data sharing and analysis to detect fraud and prevent improper payments.
- Requires the Treasury Secretary to submit an annual report to Congress on the implementation of the program and its effectiveness.
Bill text
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Sponsors
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2 on record
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