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The Subcommittee on Financial and Contracting Oversight will focus on ensuring that the federal government spends taxpayer money as wisely and effectively as possible. This subcommittee is charged with overseeing the federal government’s efforts to improve its management of significant acquisitions and ensure that acquisitions are conducted in a cost effective manner and deliver the promised results in order to protect taxpayer resources. The jurisdiction of this subcommittee also encompasses programs to improve financial transparency, expenditure tracking and efforts to prevent and recoup improper payments across the federal government.