H.R. 5467 would amend the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note) in order to prevent the loss of billions in taxpayer dollars.

== Detailed Summary ==

<summary>
(Log inImproper Payments Elimination and Recovery Act of 2008 - Amends the Improper Payments Information Act of 2002 to editrequire the wikihead of each federal agency to: (1) annually review all agency programs and identify those programs and activities that may be the firstsusceptible to significant improper payments; and (2) report on agency actions to reduce and recover improper payments. Defines &quot;improper payment&quot; as any payment that should not have been made, that was made in an incorrect or duplicate amount, or that was made to an ineligible recipient.

Requires the Director of the Office of Management and Budget (OMB) to: (1) provide guidance to agencies for reducing improper payments, addressing risks, and establishing appropriate prepayment and postpayment internal controls; and (2) prepare an annual report with an identification of the compliance status of each agency in identifying improper payments and the delinquent programs responsible for the agency's status.

Requires federal agencies with outlays of $1 million or more to conduct a detailed summaryrecovery audit of all programs and activities to assist in recouping improper payments.

Requires: (1) each agency's Inspector General to report each fiscal year on agency compliance with the bill!)Improper Payments Information Act of 2002 and this Act; (2) the head of an agency determined not to be in compliance for two consecutive fiscal years to reprogram available funds to achieve compliance; and (3) an agency determined not to be in compliance for three consecutive fiscal years, with a delinquent program reported for two of those years consecutively, to transfer 5% of the appropriations for each of delinquent program to the Treasury.

Suspends appropriations to agencies that have a program that reports an improper payment rate greater than 15% for three consecutive fiscal years until the agency's Inspector General certifies that sufficient changes have been implemented to warrant resumed authorization of appropriations.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
Latest Major Action: 2/14/2008:3/6/2008: Referred to House committee.subcommittee. Status: Referred to the House CommitteeSubcommittee on OversightGovernment Management, Organization, and Government Reform.Procurement.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->