HR8312119th CongressWALLET

Fraud Prevention and Accountability Act

Sponsored By: Representative Sessions

In Committee

Summary

This bill would create a new Office of the Inspector General for Fraud, Accountability, and Recovery and reorganize the Treasury's Bureau of the Fiscal Service to focus on data-driven payment integrity. The core goal is centralized, data-driven fraud prevention and oversight.

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  • Federal agencies and program managers would gain a governmentwide data analysis program run by the Fiscal Service to support Do Not Pay screening, share fraud signals, and screen awardees and payees before payment.
  • States, grantees, and financial partners would get standardized data-sharing rules, identity and eligibility verification tools, and privacy protections to help detect improper payments and fraud.
  • The Pandemic Response Accountability Committee (PRAC) assets, contracts, data, and staff would transfer to the new Inspector General on December 31, 2028, and the law authorizes a $10 million appropriation for the Office beginning in fiscal year 2035.

*Would increase federal spending by at least $10 million beginning in fiscal year 2035 while using transferred PRAC assets to support the Office's startup in 2028.*

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

Governmentwide fraud data center

This bill would require the Fiscal Service and OMB to run a governmentwide fraud data analysis program and a mandatory Data Act analysis center. Agencies, states, and nongovernmental disbursers would have to share data on known or suspected fraud and screen potential awardees and payees before payments. The program would set standards, offer identity and eligibility checks, and work with banks on fraud patterns. OMB and Treasury must issue implementing guidance within 270 days, and Treasury must report on program participation and effectiveness within two years and annually after.

New Treasury fraud oversight office

This bill would create a new Office of the Inspector General for Fraud, Accountability, and Recovery at the Treasury. The IG would be Presidentially appointed and Senate confirmed and would run audits, investigations, and data analytics about covered federal funds. The office would publish an initial report within 60 days of IG confirmation and yearly after that. The bill would authorize up to $10 million a year starting in fiscal year 2035 to support the office. The IG would get access to Fiscal Service data unless the Treasury Secretary objects in writing, and agencies would need to provide requested help when legal and practical.

Broader covered funds, PRAC transfer

This bill would define many pandemic-era, recovery, and large awards as 'covered funds,' including awards $50,000 or more and funds from several named laws. That would extend oversight and screening rules to more grants, loans, and tax credits. The bill would also end the Pandemic Response Accountability Committee on December 31, 2028 and transfer PRAC contracts, data, staff, and leftover balances to the new Inspector General office. Recipients could face more scrutiny, while oversight functions are consolidated.

Do Not Pay rules and coordination

This bill would put Do Not Pay operations under the Bureau of the Fiscal Service and require that data be used only for its legal purposes. It would make database designations coordinated with the Treasury Secretary rather than merely consulted on. The Treasury Secretary could name an acting Fiscal Assistant Secretary when needed. These changes focus on continuity and lawful data handling.

Sponsors & CoSponsors

Sponsor

Sessions

TX • R

Cosponsors

  • Timmons

    SC • R

    Sponsored 4/20/2026

Roll Call Votes

No roll call votes available for this bill.

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