The chair of the Senate federal financial management subcommittee, Tom Carper, D-Del., has reintroduced legislation that would attempt to reduce what the subcommittee estimates to be $72 billion in improper payments each year.
The Improper Payments Elimination and Recovery Act would lower the improper payment threshold to require more agencies to report waste, require agencies to produce audited, corrective action plans with targets to reduce overpayment errors, require agencies that spend more than $1 million to perform recovery audits on all their programs, and penalize agencies that don’t comply with current improper accounting and recovery laws.
