Late Payments Get 4.625% Interest: Government's Thank-You Rate
Published Date: 2/25/2025
Notice
Summary
Starting January 1, 2025, through June 30, 2025, the interest rate for late government payments is set at 4.625% per year. This means if the government pays contractors late, they owe this extra money. Contractors and agencies should note this rate to keep payments fair and on time!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
4.625% Interest for Late Payments
If you are a contractor paid by the federal government, then for payments late between January 1, 2025 and June 30, 2025 the government owes interest at 4.625% per year (4 5/8% per annum). This rate applies to late government payments under the prompt payment rules during that period.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-04295 — Extension of a Currently Approved Information Collection: Agreement and Request for Disposition of a Decedent's Treasury Securities
The Treasury is extending the form that helps people claim or settle a loved one’s Treasury securities after they pass away. This affects individuals handling estates and keeps the process smooth without extra court steps. No big changes or costs, but comments on the form are welcome until May 4, 2026.
2026-04298 — Extension of a Currently Approved Information Collection: Special Bond of Indemnity by Purchaser of United States Savings Bonds/Notes Involved in a Chain Letter Scheme
The Treasury is extending a form that helps people get refunds if they bought U.S. Savings Bonds through a tricky chain letter scheme. This affects individuals who need to fill out a special bond of indemnity form, which takes about 8 minutes to complete. Comments on this process are open until May 4, 2026, and there’s no new cost involved—just a smooth continuation of the current system.
2025-21518 — Extension of a Currently Approved Information Collection: Application Forms for U.S. Department of the Treasury Stored Value Card (SVC) Program
The Treasury Department is extending the use of forms for its Stored Value Card program, which helps people get and manage prepaid cards. If you’re applying or working as a contractor, you’ll keep using these forms to share info and authorize payments. No big changes or costs, but if you want to comment, do it by January 27, 2026!
2025-21519 — Extension of a Currently Approved Information Collection: Application Form for U.S. Department of the Treasury Accountable Official Stored Value Card (SVC) Program
The Treasury Department is extending the use of a form that helps officials get and manage special government debit cards called Stored Value Cards (SVCs). This form collects info to make sure payments and debts linked to these cards are handled properly. If you’re involved with these cards, you can comment on the form by January 27, 2026—no cost changes, just keeping things running smoothly!
2025-16103 — Public Dissemination of the Identity of a Delinquent Debtor
If you owe the government money and haven’t paid up, your name might be shared publicly to help collect the debt. Federal agencies will now follow clear rules about when and how to share this info, making the process fair and consistent. This change helps speed up debt collection while protecting your rights.
2025-14441 — Prompt Payment Interest Rate; Contract Disputes Act
Starting July 1, 2025, through December 31, 2025, the interest rate for late government payments is set at 4.625% per year. This means if the government pays contractors late, they owe this extra interest. Contractors and agencies should note this rate to keep their money matters fair and square!
Previous / Next Documents
Previous: 2025-03043 — Sunshine Act Meetings
The SEC is holding a closed meeting on February 27, 2025, to discuss important legal and enforcement actions. This affects SEC commissioners and select staff, with no public access or direct cost changes. The meeting may shift if priorities change, so stay tuned on the SEC website for updates!
Next: 2025-03015 — Combined Notice of Filings #1
The Federal Energy Regulatory Commission got several new applications from energy companies asking for permission to make big changes in how they operate wind, solar, and energy storage projects. These changes could affect energy prices and how power is managed, so the public has until early March to share their thoughts. If you’re into clean energy or power rules, now’s the time to pay attention!
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in