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B-164031(4) 1 (1979-09-17)

handle is hein.gao/gaobabjos0001 and id is 1 raw text is: i v 352 COMPTROLLZFR GENERAL OF THE UNITED STATS WAISHIP40TON. D.C. toutA .s-164031(4) SEP 17 1979 The Honorable John H. Chafee United States Senate Dear Senator Chafee: Reference is made to Senate Bill S. 1109 which you in- troduced before the 96th Congress on May 9, 1979, to amend the Social Security Act with respect to the negotiability of Supplemental Security Income (SSI) checks and for other pur- poses. The bill provides for a 180 day time limit on the negotiability of SSI checks and provides for returning to the Social Secur ty Administration and to the States their respective shares of SSI checks not presented for payment within this timeframe. We support limiting the period of time within which SSI checks can be negotiated and believe the States should be refunded or credited their portion of checks issued to SSI recipients but never cashed. We believe the negotiability period SSI checks can be honored for payment should take into consideration the total time needed for cashing these checks, whether by recipients or by representative payees or third parties to whom the recipient may have endorsed the check. In this regard, we would recommend that the U.S. Treasury inscribe the negotia- bility period on the checks. This would serve notice to these individuals that the checks should not be held indef- initely but should be presented for payment within the prescribed time limit. Presently, about 93 percent of all SSI recipients are paid benefits with a check. The remaining 7 percent have their benefits deposited to a bank account. As discussed with your staff before the bill was introduced, we are developing information concerning the reasonableness of limiting -the negotiability period for these checks. Because Treasury systems do not provide information on SSI checks less than 6 months old, we are not able to specifically determine the percentage of checks that remain outstanding during this timefrane thus indicating whether a

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