President Signs Improper payment Elimination and Recovery Act

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President Obama signed into law on July 22, 2010 the Improper payment Eliminaton and Recovery Act. in signing the bill, the President said overpayments amount to $100 billion representing more than the combined budgets of the Depts. of Eduction and the Small Business Administration. The President also announced the existence of a " no pay" list of entities that are ineligible to receive payments.

The  law amends the Improper Payments Infomation Act of 2002 to expand requirements for identifying programs and activities susceptible to improper payments. This law requires each federal agency during the year after the enactment of this act, to review and identify agency programs and activities that maybe susceptible to significant improper payments.