Government Waste, Fraud, and Error Reduction Act of 1998

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: General Management Improvements Title II: Improving Federal Debt Collection Practices Title III: Sale of Debts Owed to United States Title IV: Treatment of High Value Debts Title V: Federal Payments Title VI: Federal Benefit Verification and Integrity Tests Subtitle A: Notification of Federal Benefit Recipients Regarding Data Verification Subtitle B: Federal Benefit Program Management Improvement Tests Government Waste, Fraud, and Error Reduction Act of 1998 - Title I: General Management Improvements - Amends requirements regarding certain Federal agencies' (executive departments as well as the Environmental Protection Agency and the National Aeronautics and Space Administration) audited financial statements, including to: (1) extend the deadline for the preparation and submission of the first of such statements; and (2) provide for submission of such statements to the Congress and the Director of the Office of Management and Budget (Director). (Currently, such statements are to be submitted to the Director.) Allows the head of an executive agency, subject to an agreement between the agency head and the applicable financial institution, to accept an elec…