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Stop the Outlay of Payments Act
12/15/2023, 3:58 PM
Summary of Bill HR 3515
The bill outlines specific criteria for determining when a payment should be stopped, including instances where there is evidence of fraud, waste, or abuse. It also establishes a process for investigating and verifying the validity of payments before they are made.
Additionally, the Stop the Outlay of Payments Act includes provisions for penalties for individuals or entities found to be in violation of the law, including fines and potential criminal charges. Overall, this bill aims to increase accountability and transparency in government spending by ensuring that taxpayer dollars are not being wasted on fraudulent or improper payments. It is currently being debated in Congress and has garnered support from both Democrats and Republicans who are committed to combating fraud and abuse in government programs.
Congressional Summary of HR 3515
Stop the Outlay of Payments Act
This bill prohibits the award of federal funds to entities that have had prior awards suspended or terminated due to certain legal violations and that have failed to take necessary remedial action.
Specifically, the bill requires federal agencies to notify the Office of Management and Budget (OMB) within 120 days of suspending or terminating any portion of a federal award to a recipient for failure to comply with (1) the terms and conditions of the award, (2) a federal law or regulation, or (3) a request by the agency making the award for information or materials relating to that award.
The OMB must maintain an up-to-date list of suspended entities on its website.
An agency may not make a federal award or disburse funds under an award to a suspended entity until that entity remedies the reason for the suspension or termination, with specified exceptions.
