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Stop the Outlay of Payments Act
3/12/2024, 11:52 AM
Summary of Bill S 1807
The bill outlines specific criteria for determining when a payment should be stopped, including instances where the payment is based on false information, is made to an individual who is deceased, or is made to an individual who is not eligible to receive the payment. The bill also includes provisions for recovering payments that have already been made in error.
Additionally, the Stop the Outlay of Payments Act requires government agencies to implement procedures for identifying and preventing improper payments, as well as reporting on the amount of improper payments that have been identified and recovered. Overall, the goal of this bill is to reduce waste and fraud in government spending by ensuring that payments are only made to those who are truly eligible to receive them. It aims to increase accountability and transparency in government financial transactions.
Congressional Summary of S 1807
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.
