""During COVID, we learned that it is far too easy to commit fraud in federal programs. We also learned that once the money goes out the door to a fraudster, the vast majority is gone for good.""
""It's absolutely critical that we've got a centralized repository for government information that has the legal authorities to share that data with state and local agencies.""
Rep. Pete Sessions introduced a proposal to establish a permanent inspector general for fraud in the Treasury Department. The bill aims to create an anti-fraud data platform and expand financial integrity services. The goal is to shift from recovering stolen funds to preventing fraudulent payments. Sessions emphasized the ease of committing fraud during COVID and the difficulty of recovering lost funds. The proposal seeks to incorporate existing data from the Pandemic Response Accountability Committee to aid in identifying fraud in government awards over $50,000.
#fraud-prevention #treasury-department #inspector-general #data-analytics #government-accountability
Read at Nextgov.com
Unable to calculate read time
Collection
[
|
...
]