Henry Waxman: “I rise in support of H.R. 1827, the Government Waste Correction Act of 2000, which requires agencies to use a financial…”

“I rise in support of H.R. 1827, the Government Waste Correction Act of 2000, which requires agencies to use a financial management technique known as recovery auditing. Implementation of recovery auditing has the potential to save millions of taxpayers' dollars by ensuring that overpayments made by the federal government are both identified and collected. Just like in the private sector, the federal government makes overpayments. And just like in the private sector, efforts should be made to recovery such overpayments. These overpayments are often not intentional. Frequently, these are inadvertent overpayments due to duplicate payments, pricing errors, missed cash discounts and the like. By requiring the performance of recovery auditing, we are increasing the efficiency and effectiveness of the federal government. Mr. Chairman, I want to highlight two important provisions of H.R. 1827 which ensure (1) fundamental privacy rights and (2) fair treatment of federal workers.”