HR 2597119th CongressIn Committee

Protecting American Taxpayers from Wasteful Spending Act

Introduced: Apr 2, 2025

Standard Summary

Comprehensive overview in 1-2 paragraphs

The Protecting American Taxpayers from Wasteful Spending Act would codify Executive Order 14249 into statute, giving the executive-order provisions the force of law. The EO is described as relating to protecting America’s bank accounts against fraud, waste, and abuse in federal spending. By turning the EO into law, the bill would require federal agencies to implement the measures in the EO as binding statutory requirements, enhancing accountability and potentially reducing improper disbursements. The bill does not reproduce the EO’s text, so the specific actions are whatever is laid out in EO 14249, now enforceable as statute.

Key Points

1Codifies Executive Order 14249 into law, so its provisions operate as statutory requirements rather than only as an executive directive.
2The EO focuses on protecting federal bank accounts from fraud, waste, and abuse in the handling of government funds.
3Applies to federal agencies that manage or issue payments and have financial transactions involving federal funds.
4Codification provides potential for enforceability, oversight, and judicial review of the EO’s provisions.
5The bill’s scope is narrow beyond codification; it does not specify new funding or programs beyond making the EO enforceable by law.

Impact Areas

Primary group/area affected: Federal taxpayers and the federal government’s management of payments; agencies that issue or process payments (e.g., Treasury, OMB, and other federal departments).Secondary group/area affected: Banks and financial institutions that process government payments; vendors and recipients of federal funds who may be subject to enhanced payment integrity controls.Additional impacts: Possible increases in administrative compliance requirements for federal agencies; potential reduction in fraud, waste, and abuse in federal disbursements; heightened transparency and accountability in government spending.

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