US Department of the Treasury Publishes Proposed Rule for Updating Savings Bond Collection Procedures

Summary

The US Department of the Treasury has published a proposed rule to update procedures for collecting debts owed by paying agents of US Savings Bonds and Savings Notes. The new procedures aim to expedite the process of crediting accounts designated by paying agents, while also making it easier for the Public Debt to collect monies from agents who fail to reimburse in a timely manner.