Fraud Prevention and Accountability Act

What this does

The bill rewrites the mission of the Treasury Department's Bureau of the Fiscal Service around financial integrity, spending transparency, and preventing improper payments, including running the Do Not Pay system and a voluntary governmentwide data analysis program to detect fraud, while barring the bureau from any investigative or law enforcement role. It creates a permanent Office of the Inspector General for Fraud, Accountability, and Recovery inside Treasury, headed by an inspector general nominated by the President and confirmed by the Senate, to oversee fraud in federal spending governmentwide. It gives the Fiscal Service new authority to negotiate data-sharing agreements with other agencies and private entities to obtain records used to fight fraud and improper payments. It requires the Fiscal Service to send Congress legislative recommendations whenever lawmakers consider emergency or supplemental spending bills above $100 billion, or bills creating a new program projected to spend more than $100 million in a single year. It also ends the Pandemic Response Accountability Committee early by moving its sunset to December 31, 2028, and folds that committee's assets, data platform, and staff into the new office.