Treasury's Award Checks: Sign Here, 30 Mins Later
Published Date: 4/14/2025
Notice
Summary
The Department of the Treasury wants to keep paying awards smoothly by continuing to collect signed vouchers from award holders. This affects about 1,400 individuals and estates who spend about 30 minutes filling out these forms each year. They’re asking for comments by June 13, 2025, to make sure the process stays easy and efficient without adding extra hassle or costs.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Continuation: Sign voucher to get awards
The Bureau of the Fiscal Service will continue to require award holders to sign a Voucher for Payment of Awards (FS Form 5135) as the basis for paying awards. This affects an estimated 1,400 respondents (mostly individuals and estates, with a very small percentage from businesses), who are estimated to spend about 30 minutes each per year on the form (about 700 total annual burden hours). Comments on this collection are requested by June 13, 2025.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-16725, Extension of a Currently Approved Information Collection: Annual Financial Statement of Surety Companies-Schedule F
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Annual Financial Statement of Surety Companies-Schedule F.
2026-16726, Extension of a Currently Approved Information Collection: Authorization Agreement for Preauthorized Payment (SF 5510)
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Standard Form 5510, "Authorization Agreement for Preauthorized Payment".
2026-13903, Prompt Payment Interest Rate; Contract Disputes Act
Starting July 1, 2026, the interest rate for late payments to businesses by government agencies is set at 4.75% per year until December 31, 2026. This means if the government pays late for goods or services, they owe extra money based on this rate. Businesses get paid interest automatically, even if they don’t ask for it, so everyone knows when and how much extra cash is due.
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