Protecting American Taxpayers Act

Improved Oversight of Child Care Services: The bill requires child care providers to maintain attendance records for seven years and mandates that payments be based on actual attendance rather than just enrollment (Sec. 1102).

Enhanced Monitoring of Health Care Fraud: It requires the Secretary of Health and Human Services to monitor significant increases in Medicare, Medicaid, and CHIP payments or providers within specific geographic areas to identify potential fraud (Sec. 1103).

Protection for Small Businesses: The act aims to assist small businesses by prohibiting financial assistance to those associated with individuals convicted of financial misconduct or false statements regarding covered loans or grants (Sec. 1202).

Deficit Reduction: The bill rescinds unused COVID-19 funding and surplus agency salaries/expenses to be used for deficit reduction (Sec. 1402, Sec. 1502).

Increased Transparency in Government Spending: It requires the inclusion of improper payment information in the President's budget submission to provide a more detailed explanation of trends and corrective actions (Sec. 2602).

Enhanced Protection for Veterans: The creation of a Veterans Scam and Fraud Evasion Officer provides a central point of contact and resources to help veterans identify, report, and avoid fraud and scams (Sec. 3602).

Stronger Whistleblower Protections: The bill expands protections for individuals disclosing evidence of gross mismanagement, waste, or abuse of authority within government contracts (Sec. 3702, Sec. 3703).

Restrictions on Small Business Assistance: Small business concerns may be deemed ineligible for financial assistance if an associate is finally convicted of certain crimes involving financial misconduct (Sec. 1202).

Loss of Unused Funding: The bill rescinds unobligated balances from various COVID-19 relief programs (Sec. 1402).

Financial Restrictions on Foreign Entities: Entities controlled by agents of covered foreign principals will be ineligible to receive direct or indirect financial assistance from the United States (Sec. 2203).

Suspension of Foreign Assistance: The Secretary of State is directed to suspend foreign assistance to countries or organizations found to be providing assistance to the Taliban (Sec. 2302).

Penalties for Public Assistance Recipients: Individuals receiving public assistance who conduct remittance transfers may be subject to a fine of $100,000 (Sec. 3502).