Treasury Reviews Forms for Tracking EFT Payments
Published Date: 4/14/2025
Notice
Summary
The Treasury wants your thoughts on how they collect info to track electronic payments and direct deposits. This helps make sure money transfers are smooth and easy to trace if something goes wrong. If you send or receive electronic payments, this update could affect you, and they’re asking for feedback before making changes—no extra costs or big delays expected!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Trace Requests for EFTs and Direct Deposits
If you send or receive electronic payments (like electronic funds transfers or direct deposit), the Treasury’s Bureau of the Fiscal Service is asking the public for comments on proposed information collections to help trace those payments when something goes wrong. The request is made under the Paperwork Reduction Act and the notice says no extra costs or big delays are expected from the changes.
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