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107962 1 (1978-12-18)

handle is hein.gao/gaobadyby0001 and id is 1 raw text is: DOCUIMENT RESUE 07962 - (C35386351 Improving Government Collection of Amounts Owed by the fui-lic. December 18. 1978. 19 pp. + enclosure (3 pp.). Testimony before the Senate Committee on Finance: Taxaticn and Debt Management Generally Subcommittee; hy Eluer B. Staats, Comptroller General. Contact: Office of the Comptroller General., Orqanization Concerned: Department of the Treasury; Veterans AdminiLtration; Social Security Administration; Office of Education; Department of Health, Education, and velfare; Department of Justice. Congressional Relevance: Senate Committee on Finance: Taxation and Debt Management Gener,lly Subcommittee. Authority: Federal Claims Collection Act of 1966, Privacy Act nf 1974. Claims Collection Act of 1.e7. As of September 30, 1977, the public owed the Governvent about $118 billion resulting from tax assessments, sale of Government services and goo6s, overpayments, and lcan programs. A large portion of this debt requires collection action, and a substantial amount will be uncollectible undei: existing ccllection methods. A review of Government accounts receivable i vealeO that collection action has been hindered by: 4'ck of prompv and aggressive collection action, low or no interest charq being imposed on delinquent accounts, and inaccuracies in accounting for and re;orting acjounts receivable. Agencies have takon some corrective actious In resoonse to GAO recoaendations. The Federal Gevernment could achieve significant improvement in debt collection by raing selected private sector practices such As: repcrting debts to credit bureaus, using the credit bureau debtor locator service to find delinquent debtcrs, improving the content of demand letters, and making greater use of automation. Reccamendations were made to test these commercial ;ractice. tbrough action on defaulted st'ident loans and educational assistance overpayments.

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