Executive Order 14249: Protecting America’s Bank Account Against Fraud, Waste, and Abuse

Executive Order 14249, issued on March 25, 2025, aims to safeguard the integrity of America’s “bank account” by tightening oversight of federal payments. It empowers the Treasury to verify and track disbursements more effectively, consolidate financial systems across agencies, and reduce reliance on decentralized payment offices. With hundreds of billions lost annually to fraud, the order focuses on standardized processes, pre-certification, and improved data sharing to combat improper payments. This initiative marks a significant step toward transparency, accountability, and modernized government financial management.