Finance Directives

Modernizing Payments To and From America’s Bank Account

The Presidential order mandates a significant shift towards electronic payments for all federal disbursements and receipts by September 30, 2025.

This action aims to reduce costs, improve efficiency, enhance security, and combat fraud associated with paper-based systems, such as checks and money orders.

While recognizing the need for accommodations for those lacking electronic access, the order establishes a clear policy for modernizing government finances and sets specific timelines and responsibilities for its implementation.

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Stopping Waste, Fraud, and Abuse by Eliminating Information Silos

This executive order directs federal agencies to eliminate barriers to data access and promote information sharing to combat waste, fraud, and abuse.

It mandates that agency heads take steps to ensure designated officials have access to unclassified agency records and data, rescind guidance hindering information sharing, and provide unfettered access to data from federally funded state programs.

The order also calls for a review of classified information policies and includes provisions for implementing the order consistent with existing laws and budget limitations.

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Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement

Published: Thu 20th Mar 25

This executive order directs the consolidation of domestic federal procurement of common goods and services under the General Services Administration (GSA).

The order cites the GSA's original mandate for efficient procurement and the significant annual spending on federal contracts as justification.

The order sets deadlines for agencies to submit proposals to the GSA, for the GSA to create a comprehensive plan, and for the OMB to designate the GSA Administrator as the executive agent for government-wide IT acquisition contracts.

The aim is to eliminate waste and duplication, improving efficiency and saving taxpayer dollars.

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Immediate Measures to Increase American Mineral Production

President Trump issued an executive order to significantly increase American mineral production.

The order aims to bolster national and economic security by reducing dependence on foreign mineral sources.

It directs various federal agencies to expedite permitting for mineral production projects, prioritize mineral extraction on federal lands, and leverage public and private funding to support domestic mineral companies.

The order addresses regulatory streamlining, waste disposal, and encouraging capital investment, clarifying the treatment of mine waste under the Mining Act of 1872.

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Ensuring the Enforcement of Federal Rule of Civil Procedure 65(c)

Published: Tue 11th Mar 25

President Trump's memorandum addresses what he describes as activist organizations obtaining overly broad injunctions against the Federal Government, often through meritless lawsuits and forum shopping.

The memorandum directs executive agencies to utilize Federal Rule of Civil Procedure 65(c) to require plaintiffs to post security for the anticipated costs and damages if an injunction is wrongly issued.

This aims to deter frivolous litigation, protect taxpayer funds, and free up the Department of Justice's resources.

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Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile

This presidential order establishes a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile. The Strategic Bitcoin Reserve will manage Bitcoin acquired through forfeited assets, while the Digital Asset Stockpile will handle other digital assets.

The Treasury Department is tasked with creating offices to manage these reserves.

Strategies for acquiring additional Bitcoin will be developed, but acquiring additional stockpile assets beyond seized assets requires further action.

Agencies must provide an accounting of their digital assets, and the order emphasizes responsible stewardship, legal compliance, and protection for victims of crime.

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Addressing Risks from Perkins Coie LLP

President Trump issued an executive order addressing alleged misconduct by the law firm Perkins Coie LLP. The order directs a review of security clearances held by Perkins Coie employees, mandates the cessation of government contracts with the firm and entities doing business with it, and initiates investigations into allegations of racial discrimination.

The order aims to protect national security, ensure responsible use of taxpayer funds, and uphold the principles of equal opportunity and fair elections.

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Implementing the President’s “Department of Government Efficiency” Cost Efficiency Initiative

This executive order mandates a transformation of federal spending, aiming for increased transparency and accountability.

It directs all agencies to implement centralized technological systems for tracking payments and justifications, conduct comprehensive reviews of existing contracts and grants to reduce spending, and freeze agency credit cards (with exceptions).

The order prioritizes the review of funds disbursed to educational institutions and foreign entities and establishes reporting requirements to the newly created Department of Government Efficiency.

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