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Treasury says it found one‑third of payments lacked Treasury Account Symbols; members press for anti‑fraud steps
Summary
Treasury officials told the subcommittee they required Treasury Account Symbols on all payments after finding many lacked TAS identifiers. Members cited GAO estimates of improper payments and asked about implementation of an executive order to prevent fraud.
Representative Henson told the subcommittee that the Government Accountability Office estimates the federal government loses between $233 billion and $521 billion annually to fraud, waste and improper payments and asked Treasury to explain actions required by a recent executive order.
Secretary Scott Bissett said Treasury had found a major gap in payment accountability:…
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