Data / Federal rules / 2024-03204
Management of Federal Agency Disbursements
The Fiscal Service published this final rule in the Federal Register on February 21, 2024. It took effect on March 22, 2024.
SpecStream is the live web data engine for teams and agents. It reads every rule and proposed rule in the Federal Register each morning, and this page is that reading. Name your industry once and new rules, comment deadlines and effective dates arrive in your sheet, CRM, Slack or agent as they are published.
What the agency says
On January 10, 2023, the Department of the Treasury's (Treasury) Bureau of the Fiscal Service (Fiscal Service) issued a notice of proposed rulemaking (NPRM) to amend Fiscal Service's Management of Federal Agency Disbursements rule, which implements a statutory mandate requiring the Federal Government to deliver non-tax payments by electronic funds transfer (EFT) unless Treasury determines that a waiver of the requirement is appropriate. Fiscal Service is now issuing this final rule (Final Rule) to adopt the amendments as proposed, with one minor change. Among other things, the Final Rule strengthens the EFT requirement by narrowing the scope of existing waivers from the EFT mandate or requiring agencies to obtain Fiscal Service's approval to invoke certain existing part 208 waivers. The use of electronic payments has expanded significantly since the waivers from the EFT mandate were first published in 1998, and the Final Rule appropriately updates part 208's waiver provisions, given the broad availability of safe and secure electronic payment options currently available. In doing so, the Final Rule leverages Treasury's growing profile of electronic payment options, which are faster, less expensive, and safer than paper checks. The strengthening of the EFT requirement with these changes is also consistent with Treasury's commitment to reducing check payments.
Key facts
- Document number
- 2024-03204
- Type
- Final rule
- Action
- Final rule
- Agency
- Treasury Department; Fiscal Service
- Published
- February 21, 2024
- Takes effect
- March 22, 2024
- Dates
- This rule is effective March 22, 2024.
- Docket
- FISCAL-2022-0003
- Regulation ID (RIN)
- 1530-AA27
- Code of Federal Regulations
- 31 CFR 208
- Topics
- Banks, banking; Electronic funds transfers
- Pages
- 7
Other documents from the Fiscal Service
| Document | Type | Published |
|---|---|---|
| Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds 2026-21069 | Final rule | Oct 15 |
| Management of Federal Agency Disbursements 2026-08278 | Proposed rule | Apr 29 |
| Marketable Treasury Securities Redemption Operations 2026-06070 | Final rule | Mar 30 |
| Marketable Treasury Securities Redemption Operations 2026-00598 | Proposed rule | Jan 14 |
| Debt Collection Authorities Under the Debt Collection Improvement Act of 1996 2025-23704 | Proposed rule | Dec 23, 2025 |
| Management of Federal Agency Disbursements; Correction 2024-05385 | Final rule | Mar 14, 2024 |
| Collateral Acceptability and Valuation 2024-00927 | Final rule | Jan 18, 2024 |
Everything from the Fiscal Service · Rules on banks, banking · Rules on electronic funds transfers · Published in February 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.