ABSTRACT

Congressional Budget Office Cost Estimate: S. 2429, Administrative False Claims Act of 2021   [open pdf - 270KB]

From the Bill Summary: "The Program Fraud and Civil Remedies Act (PFCRA) allows federal agencies to use administrative procedures to pursue cases against individuals and entities that are suspected of making false claims and statements against the government that lead to fraud of up to $150,000. Individuals and entities that are found to have violated federal fraud statutes are subject to civil penalties of $5,000 (adjusted yearly for inflation) and up to double the assessed value of the fraud. S. 2429 would amend PFCRA in several ways: by raising the maximum amount of fraud that agencies can pursue under the statute to $1 million (adjusted in future years for inflation), allowing agencies to recover costs from the penalties collected, and reducing the administrative burden for agencies that pursue PFCRA cases."

Publisher:
Date:
2022-05-17
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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