Protecting American Taxpayers from Wasteful Spending Act

This bill would turn an existing executive order about protecting America’s “bank account” from fraud, waste, and abuse into federal law. In short, it makes the anti-fraud measures in that order legally binding, not just an instruction from the President. That means these protections would last unless Congress changes the law later, helping safeguard taxpayer money across government payments and programs.

Key points

• Who is affected: Federal agencies, contractors, and anyone involved in receiving or managing federal funds and payments.
• What changes: The executive order’s fraud, waste, and abuse safeguards would have the full force and effect of law, making them stronger and more permanent.
• When: The change takes effect once the bill becomes law; the order referenced was signed on March 25, 2025.