Protecting America’s Bank Account Against Fraud, Waste, and Abuse
The order directs Federal agencies to improve financial integrity and operational efficiency. Specifically, the Department of the Treasury is tasked with implementing stronger controls to track transactions through the United States General Fund, requiring additional financial information from other agencies. The order also mandates agencies to provide the Treasury with more detailed data to track transactions, centralizes disbursing functions to the Treasury where possible, and standardizes core Federal financial systems to increase transparency, accountability, and efficiency.