This bill strengthens accountability for improper payments made by federal government agencies. It requires agencies to report annually to Congress about their progress in implementing fraud prevention controls, identifying fraud risks, and establishing anti-fraud strategies across their programs, including in areas like payroll, beneficiary payments, and contracts. The legislation also requires the President's budget submission to include information about federal programs that have failed to submit required improper payment reports, along with explanations for the delays. Additionally, it expands the definition of programs at risk for improper payments to include new programs with outlays exceeding $100 million in their first three years of operation. The bill aims to increase transparency and accountability in how federal agencies manage taxpayer funds and prevent fraud and waste across government programs.