Improper Payments Elimination and Recovery Improvement Act of 2012
A term to know.
This Act, formerly known as H.R. 4053 in the 112th Congress, and codified as Pub. L. 112-248, was enacted to further expand agency improper payment requirements to foster greater agency accountability. Like Executive Order 13520, the Act requires the OMB Director to identify a list of high-priority Federal programs. For those high-priority programs, the Act requires agencies to develop additional supplemental measures for tracking progress in reducing improper payments and submit an annual report to the Inspector General of the agency on the steps the agency has taken and plans to take to recover past and prevent future improper payments. The report is also required to be posted on a website accessible to the public.