HR8312: Fraud Prevention and Accountability Act

Key facts

What the bill does

Fraud Prevention and Accountability ActThis bill (1) assigns financial integrity, improper payment prevention, and spending transparency functions to the Bureau of the Fiscal Service (BFS) within the Department of the Treasury; (2) establishes an Office of the Inspector General for Fraud, Accountability, and Recovery (OIGFAR) within Treasury; and (3) requires Treasury to enter into data sharing agreements with other federal agencies and allowable private entities to prevent fraud and improper payments. Functions assigned to BFS by the bill includeadministering the Do Not Pay system (which provides federal agencies and federally funded state-administered programs the ability to verify recipient identity and eligibility before making an award or issuing a payment);maintaining a voluntary governmentwide program to provide data sharing and analysis to federal agencies and to state, local, or tribal governments responsible for administering a federally funded program in order to detect fraud and prevent improper payments that result in financial loss; andsupporting OIGFAR by providing access to information technology and data. The duties of OIGFAR include auditing and investigating the use of certain federal funds, such asfunds, loans, and tax credits made available by various coronavirus response laws;any federal award of $50,000 or more; andemergency spending related to disaster relief or economic recovery. OIGFAR must ensure the expeditious reporting of suspected violations of federal criminal law to the Department of Justice. OIGFAR is authorized to provide investigative…

Subjects: Accounting and auditing, Advisory bodies, Computers and information technology, Congressional oversight, Data collection, sharing, protection, Department of the Treasury, Executive agency funding and structure, Federal officials, Fraud offenses and financial crimes, Intergovernmental relations

Roll-call votes on HR8312 (119th Congress)

Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.

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