Treasury Wants Feedback on Missing Payment Trace Forms
Published Date: 4/14/2025
Notice
Summary
The Treasury Department wants to keep helping businesses quickly find missing electronic payments using special Trace Request forms. They’re asking for feedback by June 13, 2025, to make sure the process stays smooth and easy, with no extra hassle or cost. About 120,000 businesses use these forms yearly, spending just 8 minutes each to report payment issues.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Ongoing Paperwork for Trace Requests
Businesses will continue to use the Trace Request forms (FS Form 150.1 and FS Form 150.2) to report missing electronic payments. The Bureau estimates 120,000 respondents annually, at an estimated 8 minutes per response, totaling about 16,000 annual burden hours for businesses.
Helps Locate Missing EFT/Direct Deposits
The Trace Request forms (FS Form 150.1 and FS Form 150.2) are used to notify a financial organization when a customer or beneficiary claims non-receipt of credit for a payment. The forms are described as being designed to help the financial organization locate problems and to keep the customer informed of any action taken.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
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.
2026-13507, Extension of a Currently Approved Information Collection: Pools and Associations-Annual Letter
The Treasury Department is extending a paperwork form called the Pools and Associations Annual Letter, which helps insurance companies figure out their credit limits for reinsurance. About 84 businesses will spend around 1.5 hours each filling it out, with no new costs or big changes. Comments on this process are welcome until September 4, 2026, so everyone affected can have their say!
2026-13505, Extension of a Currently Approved Information Collection: TreasuryDirect System
The Treasury is extending its approval to keep collecting info through the TreasuryDirect System, which helps people open accounts and manage transactions online. This affects millions of individuals who use the system, with no big changes or extra costs, but they want your feedback by September 4, 2026. It’s all about making the process smoother and less of a hassle for everyone involved!
2026-13504, Extension of a Currently Approved Information Collection: Special Form of Request for Payment of US Savings and Retirement Securities Where Use of a Detached Request Is Authorized
The Treasury is extending the use of a special form that helps people request payment for U.S. Savings and Retirement Securities, like bonds and notes. This affects individuals handling these securities, including owners, beneficiaries, or legal reps. No big changes or costs are coming, but comments on the form are open until September 4, 2026.
Previous / Next Documents
Previous: 2025-06256, Proposed Collection of Information: Voucher for Payment of Awards
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.
Next: 2025-06258, Proposed Collection of Information: Disposition of Treasury Securities Belonging to a Decedent's Estate Being Settled Without Administration
If someone passes away without a formal estate process, their loved ones can still claim their U.S. Treasury securities using a simple form. The Treasury is asking for feedback on this paperwork to keep it easy and efficient, with no new fees or big changes. Comments are due by June 13, 2025, so folks affected—mainly individuals handling estates—should speak up now!