Credit Card Abuse Prevention Act of 2003

Bill: 108-s-1744
Sponsor: Sen. Grassley, Chuck [R-IA]
Introduced: 2003-10-16 in the Senate
Policy area: Government Operations and Politics
Subjects: Administrative procedure
Armed Forces and National Security
Auditing
Checks
Commerce
Consumer credit
Consumer discounts
Credit cards
Defense contracts
Defense procurement
Department of Defense
Disciplining of employees
Dismissal of employees
Economics and Public Finance
Employee training
Federal employees
Finance and Financial Sector
Fraud
General Services Administration
Government paperwork
Government procurement
Government travel
Inspectors general
Interest
Labor and Employment
Law
Misconduct in office
Negligence
Rebates
Transfer of employees
Transportation and Public Works
Travel costs
Waste in government spending

Summary:
action_date: 2003-10-16
text: 
Credit Card Abuse Prevention Act of 2003 - Directs the head of each executive agency that issues and uses purchase cards and convenience checks to establish and maintain specified safeguards and internal controls. 
 
Requires the Inspector General of each executive agency to: (1) periodically conduct risk assessments of the agency's purchase card program and associated internal controls and analyze identified weaknesses and the frequency of improper activity; (2) perform periodic audits of purchase cardholders; (3) report to the agency head on the results of such audits; and (4) report to the Director of the Office of Management and Budget (OMB) and the Comptroller General on implementation of recommendations made to the agency head to address findings during audits.
 
Prohibits applying all such requirements above to the Department of Defense (DOD). Amends Federal law provisions relating to management of purchase cards issued to DOD personnel to require the Inspector General of DOD, Inspector General of the Army, Naval Inspector General, and Inspector General of the Air Force to perform risk assessments of DOD's purchase card program and associated internal controls and analyze identified weaknesses and the frequency of improper activity in order to develop a plan for using such risk assessments to determine the scope, frequency, and number of periodic audits of purchase cardholders.
 
Amends the Travel and Transportation Reform Act of 1998 to direct each executive agency head that has employees that use travel charge cards to establish and maintain specified safeguards and internal controls. Requires the Inspector General of each executive agency to: (1) periodically conduct risk assessments of the agency's travel card program and associated internal controls and analyze identified weaknesses and the frequency of improper activity; (2) perform periodic audits of travel cardholders; (3) report to the agency head the results of such audits; and (4) report to the OMB Director and the Comptroller General on implementation of recommendations made to the agency head to address findings during audits.


Legislative actions:
action_date: 2003-10-16
text: Read twice and referred to the Committee on Governmental Affairs. (text of measure as introduced: CR 10/17/2003 S12743-12744)
action_date: 2003-10-16
text: Sponsor introductory remarks on measure. (CR 10/17/2003 S12742-12743)
action_date: 2003-10-16
text: Introduced in Senate