On November 30, the Department of the Treasury, Bureau of the Fiscal Service, published a notice of proposed rulemaking with request for comment to adopt, with some exceptions, the NACHA Operating Rules as the rules governing the use of the ACH Network for federal agencies.
According to the Federal Registry, "These changes include amendments set forth in 2015, and 2016 NACHA Operating Rules & Guidelines.” Highlights include, but are not limited to, adopting Same Day ACH, which proposes to enable the receipt of same day credits, beginning August 30, 2017. However, Fiscal Services did not adopt the Unauthorized Entry Fee.
According to its website, the amendment also expands existing rules regarding ’ and Third-Party Senders’ requirements for risk management and origination practices, such as reinitiation of entries.
These are just a few of the proposed changes. To learn more about the proposed changes, you can download the proposed rule in its entirety here.
Comments on the proposed rule are open until January 30, 2017. is currently considering submitting comments on the proposal. As stated on its website:
Comments on this rule, identified by docket FISCAL-2016-0001, should only be submitted using the following methods:
- Federal eRulemaking Portal: regulations.gov. Follow the instructions on the website for submitting comments.
- Mail: Ian Macoy, Bureau of the Fiscal Service, 401 14th Street SW., Room 400B, Washington, DC 20227.
Fiscal Service has decommissioned the fax and email methods of submitting comments.
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