Fact Sheet: President Donald J. Trump Protects America’s Bank Account Against Waste, Fraud, and Abuse – ]

This White House fact sheet (March 25, 2025) announces President Trump's executive order aimed at improving financial integrity and efficiency within the federal government. The order directs the Treasury Department to enhance systems for screening improper payments and fraud, improve transaction tracking, and centralize disbursement management. This includes pre-certification verification of all payments, data sharing between agencies, and consolidation of financial systems to improve reporting and traceability. The initiative is framed as a crucial step to combat the estimated $521 billion in annual fraud losses and strengthen oversight of taxpayer funds. The fact sheet also highlights President Trump's broader commitment to eliminating waste, fraud, and abuse through various past initiatives.