As hundreds of billions of dollars are wasted, new bill would combat fraud

(The Center Square) – A new legislative effort boasts that it can help rein in wasteful federal spending.

Rep. Jamie Raskin, D-Md., Ranking Member of the Committee on Oversight and Accountability, introduced the Government Spending Oversight Committee Act to empower federal watchdogs to better combat fraud and work with agencies to prevent it from happening.

The legislation comes as a steady stream of reports from federal watchdogs have reported trillions of dollars in waste in recent decades, often lost to fraudsters.

“Congress has a duty to be a responsible steward of the hard-earned taxpayer dollars used to provide support to American families and businesses through federal programs,” Raskin said in a statement. “This new legislation will codify existing anti-fraud data capabilities in the federal government, build oversight tools that help agencies prioritize fraud reduction, and ensure federal programs support those who need and qualify for them.”

Raskin’s office pointed to the Pandemic
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