Pelosi Statement on President Obama Signing Improper Payments Elimination and Recovery Act
WASHINGTON, July 22 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement after President Obama signed into law the Improper Payments Elimination and Recovery Act, sponsored in the House by Congressman Patrick Murphy of Pennsylvania:
"With the President's signature today, our nation takes a critical step forward for fiscal discipline. The Improper Payments Elimination and Recovery Act will save taxpayers tens of billions of dollars by cracking down on waste, fraud, and abuse in government spending, identifying and eliminating improper payments, and recovering lost funds that federal agencies have spent improperly.
"This legislation is part of our broader effort to restore fiscal responsibility and uphold our commitment to accountability and transparency. This Congress has made pay-as-you-go spending the law of the land and cracked down on wasteful spending in Medicare and Medicaid. And the House has passed a budget that requires cuts of $7 billion below the President's request.
"We will continue to work to expand our economy, rein in spending, strengthen initiatives that work, and make investments that benefit our families and restore balance to our budget."
SOURCE Office of the Speaker of the House
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