Protecting America's Bank Account Against Fraud, Waste, and Abuse
Department of the Treasury Directed to Centralize Federal Payment Oversight
What it does
Agencies must provide detailed payment data, use Treasury pre-certification checks, consolidate systems, and transfer disbursing authority when required.
Real-world impact
- More payments processed directly by the Department of the Treasury instead of agencies.
- Agencies must update or decommission internal payment systems and integrate with Treasury.
- Increases pre-payment screening for fraud and improper payments before funds are released.
Topics
Summary
This order strengthens oversight of federal payments by giving the Department of the Treasury broader access to agencies' payment data and by requiring pre-payment fraud and improper-payment checks. It directs agencies to consolidate core financial systems, return disbursing duties to the Treasury when appropriate, and submit compliance plans to implement these changes.
Federal agencies, staff who handle payments, and organizations receiving federal funds are affected. The goal is to reduce fraud, increase transparency, and make government payments more efficient and traceable.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”