Protecting America’s Bank Account Against Fraud, Waste, and Abuse

The order seeks to reduce fraud, improper payments, fragmented oversight, and duplicative financial systems across the Federal Government.

What the order does ​

• Requires stronger pre-payment checks of payee identity, account ownership, funding availability, payment details, and award or contract information.
• Directs agencies to provide Treasury with payment-verification data and update Privacy Act notices within 90 days, while excluding unrelated data such as health records.
• Requires agencies to submit payment files early enough for fraud screening and allows Treasury to return payments that fail verification.
• Directs agencies to consolidate core financial systems and use Treasury-approved standardized financial management services.
• Moves most agency-run disbursement functions to Treasury, requires remaining non-Treasury offices to report daily, and protects classified payments from consolidation.
• Requires agency compliance plans within 90 days and a Treasury implementation report within 180 days.

Who it affects ​

• Federal agencies that approve, process, or issue payments.
• Federal employees responsible for certifying payments and managing financial systems.
• Individuals, businesses, contractors, grantees, and organizations receiving Federal funds.