EO 14249
Protecting America's Bank Account Against Fraud, Waste, and Abuse
Government ReformEconomy & Trade
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Summary
This executive order directs the Department of the Treasury to strengthen financial controls and fraud prevention measures across federal government payments. It requires agencies to provide Treasury with detailed financial information, implement pre-certification verification processes before disbursing funds, and consolidate disbursing functions to increase transparency and reduce fraud, waste, and improper payments estimated between $233-521 billion annually.
Key Points
- 1Establishes pre-certification verification processes for all federal payments made by Treasury to screen for fraud and improper payments before funds are disbursed
- 2Requires federal agencies to provide Treasury with detailed financial information and cooperate with enhanced data collection to track transactions through the General Fund
- 3Directs consolidation of Non-Treasury Disbursing Offices (NTDOs) functions back to Treasury where possible and standardization of federal financial management systems
- 4References existing Do Not Pay Working System requirements and authorizes Treasury to minimize administrative barriers to accessing data for fraud prevention
- 5Aims to increase transparency, accountability, and operational efficiency in federal government financial management
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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