Health Fraud and Abuse Act of 1997

Health Fraud and Abuse Act of 1997 - Directs the Inspector General (IG) of each of the Departments of Health and Human Services, Defense, Labor, and Veterans Affairs and the Office of Personnel Management to conduct audits, civil and criminal investigations, inspections, and evaluations relating to the prevention, detection, and control of health care fraud and abuse in violation of any Federal law, with exceptions.

Provides for the powers of IGs.

Directs the IGs to: (1) jointly establish a program to prevent, detect, and control health care fraud and abuse that considers the activities of Federal, State, and local law enforcement agencies, Federal and State agencies responsible for the licensing and certification of health care providers, and State agencies designated under this Act; and (2) develop an annual investigative plan.

Requires the Governor of each State to designate State agencies that conduct, supervise, and coordinate audits, civil and criminal investigations, inspections, and evaluations. Authorizes each Governor to establish and maintain a State agency to act as a Health Care Fraud and Abuse Control Unit.

Establishes: (1) the Health Care Fraud and Abuse Control Account in the Treasury; and (2) the Account Payments Advisory Board to make recommendations to the IGs regarding the equitable allocation of payments from the Account.