A bill to authorize the Secretary of the Treasury to issue regulations to require that wages and salaries of Federal employees be paid by electronic funds transfer or any other method determined by the Secretary to be in the interest of economy or effectiveness, with sufficient safeguards over the control of, and accounting for, public funds.
Electronic Funds Transfer Federal Salary Act - Authorizes the Secretary of the Treasury to require the wages and salaries of any or all Federal employees to be paid by electronic funds transfer or any other method determined to be economical or effective. Requires the employees to designate the financial organizations to receive payments of their wages and salaries. Provides that no fees shall be charged by the Secretary to such an organization or by the organization to employees in connection with such payments.
Permits the Secretary to exempt employees earning less than $20,000 annually.
Committee on Governmental Affairs received executive comment from OMB.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Post Office and Civil Service.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Referred to Subcommittee on Compensation and Employee Benefits.
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