This Act may be cited as the Improper Payments Transparency Act.

Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (39) information with respect to improper payment (as such term is defined in section 3351) amounts and rates for programs and activities at each executive agency required to submit improper payment reports under subchapter IV of chapter 33, including— (A) a narrative description, including a detailed explanation with respect to why any improper payment amounts and rates occurred and trends of— (i) each program and activity with improper payment amounts and rates that have increased or decreased on average over the previous 3 years; and (ii) each program and activity whose improper payment amounts and rates did not change over such years; and (B) any corrective actions, including any such action in any corrective action plan under section 3352(d), with respect to such programs and activities that are incomplete, and steps the executive agency will take to address issues relating to improper payment amounts and rates..