What Agency Financial Leaders Should Know
The Payment Integrity Information Act of 2019 (PIIA) was signed into law in March 2020 to decrease the amount of improper payments made by the United States Government. For fiscal year 2019, federal entities made approximately $175 billion in improper payments.
The PIIA changed the government-wide improper payment reporting requirements by repealing and replacing the Improper Payments Information Act of 2002, the Improper Payments Elimination and Recovery Act of 2010, the Improper Payments Elimination and Recovery Act of 2012, and the Fraud Reduction and Data Analytics Act of 2015. It adopted and modified certain requirements from the laws that it repealed or replaced and added new requirements.
One of the primary changes made by the PIIA relates to four new risk factors that are to be embedded into federal entities’ improper payment risk assessments. In this white paper, Guidehouse experts discuss these risk factors and key considerations for federal entities when implementing the PIIA and related OMB requirements.