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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Reader comments

Mon, Oct 15, 2012

You have it all wrong. Government workers are lazy and cannot be trusted. Therefore we will burden them with more regulations to follow to stifle there already dismal performance creating further evidence of their unprodictiveness.

Tue, Oct 9, 2012

Am I mistaken, or weren't there already laws in place to allow the government to prosecute misuse of GPCs. Is this another example of congress saying lets fix a problem with another law rather than insisting that existing laws be enforced?

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