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News | March 25, 2025

Executive Order 14249: Protecting America’s Bank Account Against Fraud, Waste and Abuse

This executive order recites that the federal government processes trillions of dollars annually through a general fund but lacks sufficient controls to track transactions flowing through the fund to determine if they are proper, and that agencies’ past under-investment in technology and challenges with access to accurate data have prevented them from more fully safeguarding taxpayer dollars against fraud and improper payments. It also recites that the Department of the Treasury and numerous other federal agencies have authority to disburse funds, which makes it more difficult for the agency to provide centralized oversight of the payments. This order directs that payments be centralized in Treasury and that the Treasury secretary update guidance and enhance systems to ensure all payments made by the Treasury on behalf of agencies are subject to a precertification verification process established by the agency in order to prevent financial fraud and improper payments.

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