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GAO-11-296R 1 (2011-01-04)

handle is hein.gao/gaobadtir0001 and id is 1 raw text is: I AmA Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 B-321383 January 4, 2011 The Honorable Max Baucus Chairman The Honorable Charles E. Grassley Ranking Member Committee on Finance United States Senate The Honorable Barney Frank Chairman The Honorable Spencer Bachus Ranking Member Committee on Financial Services House of Representatives Subject: Department of the Treasury: Management of Federal Agency Disbursements Pursuant to section 801 (a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of the Treasury, entitled Management of Federal Agency Disbursements (RIN: 1510-AB26). We received the rule on December 16, 2010. It was published in the Federal Register as a final rule on December 22, 2010. 75 Fed. Reg. 80,315. The final rule requires recipients of federal nontax payments to receive payments by electronic funds transfer (EFT) effective May 1, 2011. The effective date is delayed until March 1, 2013, for individuals receiving federal payments by check on May 1, 2011; and for individuals who file claims for federal benefits before May 1, 2011, and request check payments when they file. Individuals who do not choose direct deposit of their payment to an account at a financial institution would be enrolled in a prepaid card program established pursuant to terms and conditions approved by Treasury. The final rule waives the EFT requirement for recipients born prior to May 1, 1921, who are receiving payments by paper check on March 1, 2013; for payments not eligible for the prepaid card program; and for recipients whose prepaid card has been suspended or cancelled. The final rule also establishes the criteria under which a recipient may request a waiver if the EFT requirement creates a hardship due to his or her mental impairment or remote geographic location. Enclosed is our assessment of Treasury's compliance with the procedural steps required by section 801 (a)(1)(B)(i) through (iv) of title 5 with respect to the rule. Our review of the procedural steps taken indicates that Treasury complied with the applicable requirements. GAO-1 1-296R

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