Fiscal Management

Abuse prevention for government charge cards becomes law

President Barack Obama signed new management controls into law Oct. 5 to protect agencies’ charge cards from abuse.

The Government Charge Card Abuse Prevention Act (S. 300) puts in place more requirements for record-keeping on the cards. The bill requires agencies to keep track of all their card holders and the associated spending limits. Transactions have to be approved and reconciled too. Further, payments must be timely and accurate, while officials must take steps to recover money spent on improper or illegal purchases.

Congress passed the bill Sept. 22.

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

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