Fraud Reduction and Data Analytics Act of 2015

Bill: 114-s-2133
Sponsor: Sen. Carper, Thomas R. [D-DE]
Introduced: 2015-10-05 in the Senate
Policy area: Government Operations and Politics
Subjects: Accounting and auditing
Administrative law and regulatory procedures
Congressional oversight
Debt collection
Executive agency funding and structure
Fraud offenses and financial crimes
Government information and archives
Government studies and investigations
Office of Management and Budget (OMB)

Summary:
action_date: 2015-10-05
text: 

Fraud Reduction and Data Analytics Act of 2015

 
This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments.
 
The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled &quot;Framework for Managing Fraud Risks in Federal Programs.&quot; 
 
The financial and administrative controls shall include:
 
 
 conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; 
 
 collecting and analyzing data from reporting mechanisms on detected fraud to monitor fraud trends and using that data and information to continuously improve fraud prevention controls; and 
 
 using the results of monitoring, evaluation, audits, and investigations to improve fraud prevention, detection, and response.
 
 
Each agency shall submit as part of its annual financial report a report on its progress in:
 
 
 implementing such financial and administrative controls, the fraud risk principle in the Standards for Internal Control in the Federal Government, and OMB Circular A-123 leading practices for managing fraud risk; 
 
 identifying risks and vulnerabilities to fraud; and 
 
 establishing steps to curb fraud.
 
 
The OMB must establish a working group to: (1) improve the sharing of financial and administrative controls and other best practices and techniques for detecting, preventing, and responding to fraud and the sharing and development of data analytics techniques; and (2) submit a plan for a federal interagency library of data analytics and data sets for use by agencies and Offices of Inspectors General to facilitate the detection, prevention, and recovery of fraud.

action_date: 2016-03-15
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Fraud Reduction and Data Analytics Act of 2015

 
(Sec. 3) This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments.
 
The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled &quot;Framework for Managing Fraud Risks in Federal Programs.&quot; 
 
The financial and administrative controls shall include:
 
 
 conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; 
 
 collecting and analyzing data from reporting mechanisms on detected fraud to monitor fraud trends and using that data and information to continuously improve fraud prevention controls; and 
 
 using the results of monitoring, evaluation, audits, and investigations to improve fraud prevention, detection, and response.
 
 
Each agency shall submit as part of its annual financial report a report on its progress in:
 
 
 implementing such financial and administrative controls, the fraud risk principle in the Standards for Internal Control in the Federal Government, and OMB Circular A-123 leading practices for managing fraud risk; 
 
 identifying risks and vulnerabilities to fraud; and 
 
 establishing steps to curb fraud.
 
 
(Sec. 4) The OMB must establish a working group to: (1) improve the sharing of financial and administrative controls and other best practices and techniques for detecting, preventing, and responding to fraud and the sharing and development of data analytics techniques; and (2) submit a plan for a federal interagency library of data analytics and data sets for use by agencies and Offices of Inspectors General to facilitate the detection, prevention, and recovery of fraud.

action_date: 2016-04-12
text: 

Fraud Reduction and Data Analytics Act of 2015

 
(Sec. 3) This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments.
 
The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled &quot;Framework for Managing Fraud Risks in Federal Programs.&quot; 
 
The financial and administrative controls shall include:
 
 
 conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; 
 
 collecting and analyzing data from reporting mechanisms on detected fraud to monitor fraud trends and using that data and information to continuously improve fraud prevention controls; and 
 
 using the results of monitoring, evaluation, audits, and investigations to improve fraud prevention, detection, and response.
 
 
Each agency shall submit as part of its annual financial report a report on its progress in:
 
 
 implementing such financial and administrative controls, the fraud risk principle in the Standards for Internal Control in the Federal Government, and OMB Circular A-123 leading practices for managing fraud risk; 
 
 identifying risks and vulnerabilities to fraud; and 
 
 establishing steps to curb fraud.
 
 
(Sec. 4) The OMB must establish a working group to: (1) improve the sharing of financial and administrative controls and other best practices and techniques for detecting, preventing, and responding to fraud, and the sharing and development of data analytics techniques; and (2) submit a plan for a federal interagency library of data analytics and data sets for use by agencies and Offices of Inspectors General to facilitate the detection, prevention, and recovery of fraud.

action_date: 2016-06-21
text: 
(This measure has not been amended since it was passed by the Senate on April 12, 2016. The summary of that version is repeated here.)
 

Fraud Reduction and Data Analytics Act of 2015

 
(Sec. 3) This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments.
 
The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled &quot;Framework for Managing Fraud Risks in Federal Programs.&quot; 
 
The financial and administrative controls shall include:
 
 
 conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; 
 
 collecting and analyzing data from reporting mechanisms on detected fraud to monitor fraud trends and using that data and information to continuously improve fraud prevention controls; and 
 
 using the results of monitoring, evaluation, audits, and investigations to improve fraud prevention, detection, and response.
 
 
Each agency shall submit as part of its annual financial report a report on its progress in:
 
 
 implementing such financial and administrative controls, the fraud risk principle in the Standards for Internal Control in the Federal Government, and OMB Circular A-123 leading practices for managing fraud risk; 
 
 identifying risks and vulnerabilities to fraud; and 
 
 establishing steps to curb fraud.
 
 
(Sec. 4) The OMB must establish a working group to: (1) improve the sharing of financial and administrative controls and other best practices and techniques for detecting, preventing, and responding to fraud, and the sharing and development of data analytics techniques; and (2) submit a plan for a federal interagency library of data analytics and data sets for use by agencies and Offices of Inspectors General to facilitate the detection, prevention, and recovery of fraud.

action_date: 2016-06-30
text: 
(This measure has not been amended since it was passed by the Senate on April 12, 2016. The summary of that version is repeated here.)
 

Fraud Reduction and Data Analytics Act of 2015

 
(Sec. 3) This bill requires the Office of Management and Budget (OMB) to establish guidelines for federal agencies to establish financial and administrative controls to identify and assess fraud risks and design and implement control activities in order to prevent, detect, and respond to fraud, including improper payments.
 
The guidelines shall incorporate the leading practices identified in the report published by the Government Accountability Office on July 28, 2015, entitled &quot;Framework for Managing Fraud Risks in Federal Programs.&quot; 
 
The financial and administrative controls shall include:
 
 
 conducting an evaluation of fraud risks and using a risk-based approach to design and implement financial and administrative control activities to mitigate identified fraud risks; 
 
 collecting and analyzing data from reporting mechanisms on detected fraud to monitor fraud trends and using that data and information to continuously improve fraud prevention controls; and 
 
 using the results of monitoring, evaluation, audits, and investigations to improve fraud prevention, detection, and response.
 
 
Each agency shall submit as part of its annual financial report a report on its progress in:
 
 
 implementing such financial and administrative controls, the fraud risk principle in the Standards for Internal Control in the Federal Government, and OMB Circular A-123 leading practices for managing fraud risk; 
 
 identifying risks and vulnerabilities to fraud; and 
 
 establishing steps to curb fraud.
 
 
(Sec. 4) The OMB must establish a working group to: (1) improve the sharing of financial and administrative controls and other best practices and techniques for detecting, preventing, and responding to fraud, and the sharing and development of data analytics techniques; and (2) submit a plan for a federal interagency library of data analytics and data sets for use by agencies and Offices of Inspectors General to facilitate the detection, prevention, and recovery of fraud.


Legislative actions:
action_date: 2016-06-30
text: Became Public Law No: 114-186.
action_date: 2016-06-30
text: Became Public Law No: 114-186.
action_date: 2016-06-30
text: Signed by President.
action_date: 2016-06-30
text: Signed by President.
action_date: 2016-06-23
text: Presented to President.
action_date: 2016-06-23
text: Presented to President.
action_date: 2016-06-21
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-06-21
text: On motion to suspend the rules and pass the bill Agreed to by voice vote.
action_date: 2016-06-21
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
action_date: 2016-06-21
text: DEBATE - The House proceeded with forty minutes of debate on S. 2133.
action_date: 2016-06-21
text: Considered under suspension of the rules. (consideration: CR H3999-4000; text as received in House: CR H3999)
action_date: 2016-06-21
text: Mr. Hurd (TX) moved to suspend the rules and pass the bill.
action_date: 2016-04-13
text: Held at the desk.
action_date: 2016-04-13
text: Received in the House.
action_date: 2016-04-13
text: Message on Senate action sent to the House.
action_date: 2016-04-12
text: Passed Senate with amendments by Unanimous Consent. (text: CR S1981)
action_date: 2016-04-12
text: Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(text: CR S1981)
action_date: 2016-04-12
text: Measure laid before Senate by unanimous consent. (consideration: CR S1981)
action_date: 2016-03-15
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 391.
action_date: 2016-03-15
text: Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 114-229.
action_date: 2016-03-15
text: Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 114-229.
action_date: 2015-10-07
text: Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
action_date: 2015-10-05
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
action_date: 2015-10-05
text: Introduced in Senate

Enacted as: number: 114-186