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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 17, 2002.
Improper Payments Information Act of 2002 - Directs each executive agency, in accordance with Office of Management and Budget (OMB) guidance, to review all of its programs and activities annually, identify those that may be susceptible to significant improper payments, estimate the annual amount of improper payments, and submit those estimates to Congress before March 31 of the following applicable year.Requires each agency, for each program or activity with estimated improper payments exceeding $10 million, to provide with the estimate a report on agency actions to reduce such improper payments, including: (1) a discussion of the causes of the improper payments and results of the actions taken to address those causes; (2) a statement of whether the agency has the information systems and other infrastructure it needs to reduce such payments to minimal cost-effective levels and, if not, a description of the resources the agency has requested to obtain necessary systems and infrastructure; and (3) a description of the steps the agency has taken to ensure that managers are held accountable for reducing improper payments.