Comments Due: Treasury Proposes Amendment to ACH Reg

Treasury Department building

The U.S. Treasury Department’s Bureau of the Fiscal Service is proposing to amend its regulation governing the use of the Automated Clearing House (ACH) network by federal agencies.

Summary
The regulation adopts, with some exceptions, the Operating Rules Operating Guidelines (Operating Rules and Guidelines) developed by National Automated Clearing House Association (NACHA) as the rules governing the use of the ACH network by federal agencies.

The Treasury Department is issuing this proposed rule to address changes that NACHA has made since the publication of the 2019 Operating Rules and Guidelines. These changes include amendments set forth in the 2020 and 2021 Operating Rules and Guidelines, including supplements thereto, issued on or before March 31, 2021.

Dates
Comments on the proposed rule must be received by Oct. 18, 2021.

Addresses
Comments on this rule, identified by docket FISCAL-2021-0002, should only be submitted using the following methods:

  • Federal eRulemaking Portal: www.regulations.gov. Follow the instructions on the website for submitting comments.
  • Mail: Ian Macoy, Bureau of the Fiscal Service, 3201 Pennsy Drive, Building E, Landover, MD 20785.

For more information and details, click here.

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