Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

“EFT’99:” Electronic Federal Payments; Waiver Policy (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (5 pages)
add to cart or subscribe for unlimited access
Release Date Jan. 5, 2001
Report Number RS20047
Report Type Report
Authors Pauline Smale, Economics Division
Source Agency Congressional Research Service
Summary:

The Debt Collection Improvement Act of 1996 (P.L. 104-134) requires all federal payments (other then IRS tax refunds) to be made by electronic funds transfer (EFT) beginning January 1999. The law provides the Treasury with broad authority to define exception categories and grant waivers. On September 25, 1998, the Treasury issued a final rule which included an amended waiver policy.