28 Mar 2025
💰Executive Order 14249
Protecting America's Bank Account Against Fraud, Waste, and Abuse
Summary
Executive Order 14249 aims to enhance financial integrity and operational efficiency in federal disbursements by establishing stringent controls against fraud and improper payments. It directs the Department of the Treasury to consolidate and standardize federal financial systems, ensuring transparency and accountability for taxpayer funds while mandating collaboration across government agencies.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The executive order mandates enhanced financial controls and tracking of disbursements to prevent fraud, waste, and abuse, impacting businesses reliant on federal funding and necessitating compliance with new verification processes.