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Improper Payments Elimination and Recovery Improvement Act [IPERIA]

The Improper Payments Elimination and Recovery Improvement Act requires that the Office of Management and Budget (OMB) identifies, annually, a list of high-priority federal programs for greater levels of oversight and review in which the highest dollar value or highest rate of improper payments occur or for which there is a higher risk of improper payments; (2) coordinates with agencies responsible for administering high-priority programs to establish annual targets and semi-annual or quarterly actions for reducing improper payments; and (3) provides guidance to agencies for improving estimates of improper payments.