This bill aims to increase transparency and reduce improper federal payments by requiring government agencies to report detailed information about all payments they make through the Treasury system. Agencies must document the purpose, funding source, and type of activity for each payment, with this information made public within 30 days on a federal website (with limited exceptions for sensitive law enforcement and national security operations). The bill also gives the Treasury Department expanded access to data from Social Security, the IRS, credit reporting agencies, and the National Directory of New Hires to identify and prevent fraudulent or improper payments. Additionally, agencies must verify bank account information before making payments and compare recipient details against other payment records to catch duplicate or fraudulent disbursements. While the bill does not include specific funding amounts or implementation timelines beyond the 30-day public reporting requirement, it affects all federal agencies and state programs that receive federal funds, with Treasury authorized to issue implementing regulations as needed.
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