A bill to amend title 31 of the United States Code to accelerate the collection and deposit of payments to executive agencies.

Summary

Requires each head of an executive agency to provide for the timely deposit of money by such agency and for the collection and timely deposit of sums owed to such agency. Permits the Secretary of the Treasury to collect from any agency not complying with such requirements an amount determined to be the cost to the general fund caused by such noncompliance. Establishes in the Treasury the Cash Management Improvements Fund into which payments of charges imposed for noncompliance with this Act shall be deposited. Makes such funds available for the payment of expenses incurred in developing the methods of collection and deposit and in carrying out collections and deposits using such methods. Requires a person having custody or possession of public money, including a disbursing official, to deposit such money not later than the third day after the custodian receives the money (previously 30 days). Authorizes the Secretary to vary such time period by regulation. Makes such limitation effective January 1, 1985.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 April 1984

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 April 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 April 1984

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 April 1984

   Reported

   Ordered to be Reported.

   Source: Committee

5. 9 April 1984

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 98-659.

   Source: Committee

6. 9 April 1984

   Calendars

   Placed on Union Calendar No: 375.

   Source: Calendars

7. 9 April 1984

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 98-659.

   Source: Committee

8. 27 June 1984

   Committee

   See H.R.4170.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 April 1984

  Open at official source

Sponsors

• Rep. Rostenkowski, Dan [D-IL-8] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Deficit Reduction Act of 1984