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.
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
2026-16726, 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".
2026-16725, 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.
2026-13903, 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 Treasury Department wants your thoughts on a form called the Voucher for Payment of Awards, which helps pay people who win awards. They’re looking to keep things simple and reduce paperwork for everyone involved. If you or your agency deals with these payments, now’s the time to share your feedback before any changes happen!
Next: 2025-06258, Proposed Collection of Information: Disposition of Treasury Securities Belonging to a Decedent's Estate Being Settled Without Administration
The Treasury wants to make it easier to handle Treasury securities when someone passes away and their estate is settled without a full legal process. They’re asking for your thoughts on how to collect info better and cut down on paperwork. If you’re involved in settling estates or just curious, now’s the time to weigh in before any changes happen!