To intensify efforts to identify, prevent, and recover payment error, waste, fraud, and abuse within Federal spending.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Improper Payments Elimination and Recovery Improvement Act of 2012''.
SEC. 2. DEFINITION.
In this Act, the term ``agency'' means an executive agency as that term is defined under section 102 of title 31, United States Code.
SEC. 3. IMPROVING THE DETERMINATION OF IMPROPER PAYMENTS BY FEDERAL AGENCIES.
(a) In General.--Section 2 of the Improper Payments Information Act of 2002 (31 U.S.C. 3321 note) is amended-- (1) by redesignating subsections (b) through (g) as subsections (c) through (h), respectively; (2) by inserting after subsection (a) the following: ``(b) Improving the Determination of Improper Payments.-- ``(1) In general.--The Director of the Office of Management and Budget shall on an annual basis-- ``(A) identify a list of high-priority Federal programs for greater levels of oversight and review-- ``(i) in which the highest dollar value or highest frequency of improper payments occur; or ``(ii) for which there is a higher risk of improper payments; and ``(B) in coordination with the agency responsible for administering the high-priority program, establish annual targets and semi-annual or quarterly actions for reducing improper payments associated with each high- priority program. ``(2) Report on high-priority improper payments.-- ``(A) In general.--Subject to Federal privacy policies and to the extent permitted by law, each agency...