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TREAS/FMS

RIN: 1510-AB19

Publication ID: Fall 2008

Title: ●Centralized Offset of Federal Payments To Collect Nontax Debts Owed to the United States
Abstract: The Department of the Treasury, Financial Management Service, is amending its regulation governing the offset of Federal payments to collect nontax debts owed to the United States. We are removing the statute of limitations due to a change in the statutory definition on which it is based, enacted as part of the Food, Conservation and Energy Act of 2008. This statutory change will allow for the use of centralized offset of Federal payments to collect nontax debts owed to the United States, irrespective of the amount of time the debt has been outstanding.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 285.5
Legal Authority: 5 USC 5514 26 USC 6402 31 USC 321 31 USC 3701 31 USC 3711 31 USC 3716 31 USC 3719 31 USC 3720A to 3720C 42 USC 664 EO 13019, 61 FR 51763 3 CFR, 1996 Comp, p 216

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule	11/00/2008
Interim Final Rule Comment Period End	01/00/2009
Final Action	03/00/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: Federal
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Thomas Dungan Financial Program Specialist, Debt Management Service Department of the Treasury 401 14th Street SW., Washington, DC 20227 Phone:202 874-6810 Fax:202 874-7494 Email: tom.dungan@fiscal.treasury.gov