Improper Payments Information Act of 2002

Improper Payments Information Act of 2002 - Directs each executive agency, in accordance with Office of Management and Budget (OMB) guidance, to review all of its programs and activities annually, identify those that may be susceptible to significant improper payments, estimate the annual amount of improper payments, and submit those estimates to Congress before March 31 of the following applicable year. Requires each agency, for each program or activity with estimated improper payments exceeding $10 million, to provide with the estimate a report on agency actions to reduce such improper payments, including: (1) a discussion of the causes of the improper payments and results of the actions taken to address those causes; (2) a statement of whether the agency has the information systems and other infrastructure it needs to reduce such payments to minimal cost-effective levels and, if not, a description of the resources the agency has requested to obtain necessary systems and infrastructure; and (3) a description of the steps the agency has taken to ensure that managers are held accountable for reducing improper payments.

Improper Payments Information Act of 2002 - Directs each executive agency, in accordance with Office of Management and Budget guidance, to review all of its programs and activities annually, identify those that may be susceptible to significant improper payments, estimate the annual amount of improper payments, and include that estimate in its annual budget submission and program performance report. Requires each agency, for each program or activity with estimated improper payments exceeding the lesser of one percent of its total budget or $1 million annually, to provide with the estimate a report on agency actions to reduce such improper payments, including: (1) a statement of whether the agency has the information systems and other infrastructure it needs to reduce such payments to minimal cost-effective levels; (2) if not, a description of the resources the agency has requested in its budget submission to obtain such necessary systems and infrastructure; and (3) a description of the steps the agency has taken to ensure that agency managers are held accountable for reducing improper payments.

Improper Payments Reduction Act of 2002 - Directs each executive agency to: (1) annually review all programs and activities that it administers; (2) identify those that may be susceptible to significant improper payments; and (3) estimate the annual amount of improper payments for each such program and activity and include that estimate in its annual budget submission and program performance report. Requires an agency, for each program or activity with estimated improper payments exceeding the lesser of one percent of its total budget or $1 million annually, to: (1) estimate the minimal level to which improper payments can be reduced on a cost-effective basis; (2) establish annual performance targets to reduce such payments to reach such minimum level; (3) ensure that responsible agency managers are held accountable for meeting such performance targets; and (4) describe in the agency's annual budget submission and program performance reports the agency's performance in meeting such targets and how managers have been held accountable.