Referred to the Subcommittee on Government Efficiency, Financial Management and Intergovernmental Relations.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jul 18, 2001
Erroneous Payments Recovery Act of 2001 - Requires each executive agency that enters into contracts with a total value in excess of $500 million in a fiscal year to carry out a cost-effective program for: (1) identifying errors made in paying contractors; and (2) recovering amounts erroneously paid. Requires the Director of the Office of Management and Budget to issue guidance for conducting such programs.Requires funds collected under such a program to be available to reimburse the agency for program expenses and to pay contractors for recovery services under the program. Requires remaining recovered amounts: (1) to be credited to the appropriations from which such payments were made that remain available for obligation; or (2) if no such appropriation remains available, to be disposed of by the affected agency head for carrying out a management improvement program (25 percent) with the remainder to be deposited in the Treasury.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Mar 13, 2026. Consult Congress.gov for the current record.
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