The bill S. 747, introduced in the Senate, is called the "Improper Payments Transparency Act." It seeks to amend title 31 of the United States Code by requiring that information about improper payments under federal programs be included in the President's budget submission....
Simple Explanation
The bill wants the President to include more information in their budget about mistakes with money that the government spends, showing how much was wrong and why. This is to help everyone understand these mistakes better and try to fix them.