STOP Fraud Act of 2024

The STOP Fraud Act of 2024 establishes a Federal Real Anti-fraud Unified Directorate (FRAUD) within the Office of Management and Budget to coordinate federal fraud prevention efforts across agencies. It requires agencies to implement "proactive analytics" for programs with high risk of improper payments (those with over $100 million in annual payments or $1.5 billion in outlays) and mandates regular reporting on fraud prevention effectiveness. The bill creates a $1 billion Program Integrity Fund to support agencies in implementing anti-fraud measures like digital identity verification and threat intelligence analysis. This law directly affects federal agencies administering high-risk programs, requiring them to adopt new fraud prevention protocols and report on their implementation and cost savings.