What does Preamble of Fraud Prevention and Accountability Act do?

This bill aims to establish fraud prevention and program integrity functions within the Department of Treasury. It also seeks to create a permanent governmentwide Inspector General for Fraud, Accountability, and Recovery. The bill's purpose is "to establish fraud prevention and program integrity functions and data sharing authorities within the Department of Treasury and a permanent governmentwide Inspector General for Fraud, Accountability, and Recovery, and for other purposes."

What does SHORT TITLE. of Fraud Prevention and Accountability Act do?

This bill is formally titled the Fraud Prevention and Accountability Act

What does ESTABLISHMENT OF FRAUD PREVENTION AND FINANCIAL INTEGRITY of Fraud Prevention and Accountability Act do?

This section amends Title 31 of the United States Code, specifically Section 306, to establish functions within the Department of the Treasury related to financial integrity, spending transparency, and preventing improper payments. The Bureau of the Fiscal Service will administer and operate the Do Not Pay system to ensure data is used appropriately. A governmentwide data analysis program will be established to detect fraud and prevent improper payments, utilizing data sharing and analysis services. Agencies will be required to share data on fraudulent entities and transactions, screen potential awardees and payees, and screen cyber activity against a centralized fraud database. The Secretary of the Treasury will submit annual reports to Congress on the implementation of the program, including participation rates and effectiveness. The Inspector General for Fraud, Accountability, and Recovery will have access to information technology and data assets to support their functions, unless the Secretary determines otherwise.

What does ESTABLISHMENT OF INSPECTOR GENERAL FOR FRAUD, ACCOUNTABILITY, of Fraud Prevention and Accountability Act do?

This section establishes the Office of the Inspector General for Fraud, Accountability, and Recovery within the Department of the Treasury. The Inspector General is appointed by the President with the advice and consent of the Senate, based on integrity and demonstrated ability. The Inspector General's duties include conducting oversight activities, audits, and investigations of covered funds, and coordinating with other Inspectors General and agencies. The Inspector General may provide technical assistance and data analytics support to other Inspectors General and agencies. The Office of Management and Budget shall issue a directive to agencies to identify and report opportunities to use the Fiscal Service's information system and data analytics products to detect and prevent waste, fraud, and abuse.

What does DATA SHARING FOR FRAUD PREVENTION AND PROGRAM INTEGRITY. of Fraud Prevention and Accountability Act do?

This section amends Section 321(a) of title 31, United States Code, to expand the authority of the Fiscal Service to enter into data sharing agreements. These agreements can be made with other federal agencies, Offices of Inspector General, law enforcement agencies, and private entities. The purpose of these data sharing agreements is to prevent fraud and improper payments, support the Do Not Pay Initiative, and support the Fiscal Service and the Office of the Inspector General for Fraud, Accountability, and Recovery. Data sharing is also intended to identify, prevent, and reduce waste, fraud, and abuse related to federal spending and criminal investigations. Data sharing agreements must ensure long-term access, provide value to taxpayers, include privacy protections, and potentially require reimbursement to the Treasury. For supplemental appropriations measures exceeding $100 billion or new programs with over $100 million in spending, the Fiscal Service must provide legislative recommendations to Congress. These recommendations aim to prevent duplication of existing fraud prevention functions and ensure adequate resources for oversight. The Office of Management and Budget (OMB) must update regulations and issue guidance to federal agencies within 270 days of the Act's enactment to ensure full implementation.

What does TERMINATION AND TRANSFER OF ASSETS OF PANDEMIC RESPONSE of Fraud Prevention and Accountability Act do?

This section modifies the termination date of Section 15010(k) of the CARES Act, changing it from September 30, 2034, to December 31, 2028. On December 31, 2028, assets and obligations of the Pandemic Response Accountability Committee will be transferred to the Office of the Inspector General for Fraud, Accountability, and Recovery. Section 15010 of the CARES Act will be repealed on December 31, 2028. The term 'assets' includes contracts, agreements, facilities, property, data, records, unobligated balances, personnel, and other funds or resources.

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Fraud Prevention and Accountability Act

Last updated: 4/29/2026 · Introduced: 4/15/2026

Author: Pete Sessions (R-TX)

TL;DR (AI)

This bill establishes new fraud prevention and financial integrity functions within the Department of the Treasury, including a governmentwide data analysis program and requirements for agencies to share data on fraudulent activity.
It creates a permanent Inspector General for Fraud, Accountability, and Recovery within the Treasury Department, responsible for oversight, audits, and investigations related to federal funds.
The bill expands data sharing authorities to prevent fraud and improper payments, while also modifying the termination date and asset transfer of the Pandemic Response Accountability Committee to the newly established Inspector General.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 4 more.

6 sections

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