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Improper Payments Transparency Act
3/21/2025, 4:08 AM
Summary of Bill S 747
The bill outlines specific requirements for agencies to identify, estimate, and report on improper payments, as well as to develop and implement strategies to prevent and reduce such payments in the future. Additionally, the bill requires agencies to conduct risk assessments to identify programs that are at high risk for improper payments and to take corrective actions to address any issues that are identified.
Overall, the Improper Payments Information Act aims to ensure that taxpayer dollars are being spent efficiently and effectively by holding agencies accountable for identifying and addressing improper payments. By increasing transparency and oversight, the bill seeks to improve the integrity of Federal programs and reduce waste, fraud, and abuse in government spending.
Congressional Summary of S 747
Improper Payments Transparency Act
This bill requires the President's annual budget to include specified information regarding improper payment amounts and rates for programs and activities at certain federal agencies. (An improper payment is any payment that should not have been made or that was made in an incorrect amount, including an overpayment or underpayment, under a statutory, contractual, administrative, or other legally applicable requirement.)
Specifically, the President's budget must include (1) a narrative description, including a detailed explanation of why any improper payment amounts and rates occurred and related trends for programs and activities; and (2) corrective actions and steps the agencies will take to address improper payment amount and rate issues.
