EO 14247
Modernizing Payments To and From America's Bank Account
Government ReformEconomy & TradeTechnology
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Summary
This executive order directs the federal government to transition from paper-based payments (checks, money orders) to electronic payments for all federal disbursements and receipts by September 30, 2025. The order cites cost savings, fraud prevention, and operational efficiency as justifications, while allowing limited exceptions for those without access to banking services and other specified circumstances.
Key Points
- 1Federal agencies must cease issuing paper checks for benefits, vendor payments, tax refunds, and other disbursements by September 30, 2025, transitioning to electronic methods like direct deposit, debit cards, and digital wallets
- 2All payments to the federal government (fees, fines, taxes, loans) must be processed electronically as soon as practicable, eliminating physical lockbox services
- 3The Treasury Department must maintain exceptions for individuals without banking access, emergency situations, and national security/law enforcement needs, providing alternative payment options for those qualifying
- 4Agencies must submit compliance plans within 90 days and the Treasury must report implementation progress within 180 days; a public awareness campaign is required to inform recipients of the transition
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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