S.4747

Stopping Fraudulent Payments Act authorizes pausing and segmenting payments to review for fraud.

The Stopping Fraudulent Payments Act amends title 31, United States Code, to authorize agencies to pause and segment payments if they present an elevated risk of fraud. The head of an agency can temporarily delay, condition, or segment a disbursement request if notified by the Secretary of the Treasury or if the agency determines the payment presents an elevated risk of fraud. The act also requires agencies to notify payees of any paused disbursements and allows for the segmentation of low-risk payments.