Protecting America's Bank Account Against Fraud, Waste, and Abuse

This EO seeks to promote financial integrity by enabling the Department of the Treasury to more easily conduct improper payment and fraud prevention screening prior to disbursing funds on behalf of agencies. Further, it aims to increase transparency and accountability by requiring agencies to provide the Department of the Treasury with the information needed to track transactions through the General Fund in greater detail. This order also promotes operational efficiency by returning disbursing functions to the Department of the Treasury when possible and consolidating and standardizing core Federal financial systems.

• All

Immediately, 90 days, 180 days.

OMB Director shall issue guidance that directs agencies described in 31 U.S.C. 901(b) (CFO Act agencies) to consolidate their core financial systems and guidance directing all non-CFO Act agencies to consolidate transactional financial management services under a single provider approved by the Department of the Treasury.(180 days). The heads of all agencies shall submit a compliance plan to the OMB Director (90 days). The Secretary of the Treasury shall submit an implementation report to the President detailing progress on the matters set forth in this order (180 days).

No known legal challenges.