The STEP Act would change federal rules for finding and reporting improper payments. Agencies would review new programs with more than $100 million in expected or actual outlays during any of their first three fiscal years, if they are within their first four years. An agency could exclude a program after a review finds it is not likely to have significant improper payments. The bill would also require estimates of improper payments using methods approved by the Office of Management and Budget and the agency’s chief financial officer. Annual reports would include the chief financial officer’s certification and a description of oversight of corrective action plans. For 10 fiscal years, agencies would also report on efforts to address fraud risks and follow specified practices.
The bill focuses on how federal agencies oversee payments. It does not change who qualifies for federal programs or how much they receive. It was introduced in the Senate and referred to a committee.
The bill authorizes no additional funds to carry it out.
No publicly available information.
No publicly available information.