Improper Payments Information Act of 2002

[AI summary unavailable — showing source text] 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.…