H.R. 8463: Pre-Payment Fraud Prevention and Treasury Data Access Act
H.R. 8463 status: Introduced.
What this bill does
Overall score
Bill summary
OfficialPre-Payment Fraud Prevention and Treasury Data Access Act This bill expands efforts to identify, prevent, and recover improper payments of federal funds (e.g., overpayments, underpayments, payments to ineligible recipients). Specifically, the Department of the Treasury must establish certain requirements that agencies ...
Key analysis
Impact analysis
Environment
Benefits
- No material direct effect identified
Risks
- No material direct effect identified
Economy
Benefits
- Reduces federal budget waste and improper payments
- Improves fiscal transparency in federal spending
Risks
- Compliance costs for first-time federal award recipients
- Potential delays in disbursements due to stricter verification
Society
Benefits
- Strengthens integrity of social safety net programs
- Ensures funds reach intended beneficiaries
Risks
- New reporting requirements may create barriers for smaller non-profits/recipients
- Potential for data privacy friction during automated matching
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
New mandatory reporting for first-time awardees creates a significant administrative burden for small organizations
Full operational impact depends on forthcoming OMB and Treasury guidance
Where it stands
Introduced
CurrentIntroduced
Committee
UpcomingFloor
UpcomingEnacted
UpcomingHow it affects your district
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