Executive Order
#14249 -- Protecting America's Bank Account Against Fraud, Waste, and Abuse (of March 25, 2025)
Highlights
Specifically targets federal government transactions. It aims to improve oversight of payments flowing in and out of the United States General Fund, which encompasses federal disbursements such as benefits, grants, loans, and vendor payments. There is no indication that the order seeks to monitor or track private financial transactions beyond those involving federal funds. The focus remains on ensuring that taxpayer dollars are used appropriately and that federal payments are accurate and legitimate
Key Compliance/Risk Cue
Executive Order necessitates the sharing of certain payment-related data but includes provisions to ensure that such activities comply with existing privacy protections. The order does not extend its oversight to private financial transactions unrelated to federal disbursements
Litigation Snapshot
No active lawsuits directly challenging EO 14249
