Number: RS20047
Title: "EFT'99": ELECTRONIC FEDERAL PAYMENTS; WAIVER POLICY
Authors: Pauline Smale, Economics Division 
Abstract: 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.
Pages: 5
Date: Updated January 5, 2001