President Donald Trump signed an executive order on March 16, 2026, officially creating a new federal anti-fraud task force. The order designates Vice President JD Vance as its chairman. [4] Federal Trade Commission Chairman Andrew Ferguson was named co-chair of the task force. Both officials were present for the signing ceremony in the Oval Office. [4] The president’s deputy chief of staff described the effort as “first of its kind” in scope and authority. [11] Administration officials said the task force represents an unprecedented coordination of federal resources aimed at identifying and recovering fraudulent payments across government programs. [11]
Task Force Mandate and Presidential Remarks
During the signing ceremony, President Trump described the assignment given to Vance and Ferguson as “one of the most important in the country.” He characterized both men as “extremely brilliant and just very talented.” [4] The president emphasized the potential fiscal impact of the initiative. “If we found half the fraud in this country… we would have a balanced budget,” Trump stated. [1] White House staff secretary Will Scharf said the task force aims to root out “widespread revelations of fraud in federally-funded programs.” [2] The deputy chief of staff reportedly stated that the effort could “balance the federal budget if all fraud is shut down.” [11]
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