FOR IMMEDIATE RELEASE:
April 28, 2010
KAGEN CRACKS DOWN ON WASTE, FRAUD AND ABUSE
Bipartisan bills target wasteful and improper spending of hard-earned tax dollars
“These bipartisan bills will cut wasteful spending, saving taxpayers hundreds of billions of dollars,” said Kagen. “To be able to continue to invest in rebuilding our economy, we must also take a stand against reckless spending of our hard-earned tax dollars. We cannot build a stronger future for our children without making fiscal responsibility a constant priority.”
The bipartisan Improper Payments Elimination and Recovery Act, targets nearly $100 billion a year in improper government payments that result from poor oversight on the part of federal agencies. This legislation improves transparency in government agencies, prevents improper payments, requires agencies to recover overpayments, and holds top managers at agencies accountable for improper payments or overpayments.
The second measure, the bipartisan IMPROVE Acquisition Act, will reform the defense acquisition system to save American taxpayers $135 billion over the next five years , while also ensuring that members of the armed services get the proper equipment they need to do their jobs and protect themselves on the battlefield.
The IMPROVE Acquisition Act cleans up waste, fraud, and abuse in the defense acquisition system through four key common sense reforms. It creates a better accountability system, establishes an auditable financial management system at DOD, improves the management of the acquisition workforce, and expands and strengthens the industrial base. The bill builds on the legislation enacted by the Democratic-led Congress last year to clean up wasteful defense spending and reform weapons system acquisition.