Capture Payment Integrity Certification via OMB's Enforcement Void
- Organization
- Office of Management and Budget (OMB) - compliance oversight without enforcement power
- Sector
- Government contractors and payment system vendors seeking federal RFPs
- Location
- Washington D.C. federal contracting ecosystem
Source reference
Executive summary
Current state
The GAO audit reveals a $3 trillion improper payment ecosystem with five major federal agencies lacking documented policies for timely reporting despite OMB's oversight authority, creating a compliance void where OMB has the mandate but lacks enforcement power over entrenched institutional autonomy.
Market catalyst
OMB cannot enforce PIIA compliance on five major agencies (DOL, Education, HHS, Treasury, USDA) despite statutory authority, creating a market for third-party certification that agencies will adopt to demonstrate due diligence.
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