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The Social Security Administration has issued a final rule, effective March 3, 2025, to streamline the administration of benefits by using electronic payroll data. This rule allows standardized exchanges of wage and employment information with payroll providers, aiding in the management of Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs. It aims to improve accuracy, reduce improper payments, and lessen the burden on both program beneficiaries and administration staff. Public comments have been considered, and the rule includes provisions for phased implementation, privacy, data accuracy, and addressing concerns regarding identity theft and reporting requirements.

The Executive Order titled "Protecting America's Bank Account Against Fraud, Waste, and Abuse" aims to improve financial integrity within the federal government. It instructs the Department of the Treasury to enhance systems and guidance for verifying government payments to prevent fraud and improper payments. The order mandates federal agencies to consolidate their financial management systems and work with the Treasury to ensure funds are properly managed. Additionally, it focuses on increasing the transparency and efficiency of financial transactions to safeguard taxpayer dollars.