Payroll Deduction Facilitation Act

Summary

Payroll Deduction Facilitation Act - Eliminates the fee imposed on financial organizations which receive payroll deductions from Federal employees. Amends the Right to Financial Privacy Act of 1978 to make an exception in any case in which a Government authority which has a disbursing function needs to know, for the sole purpose of properly administering such disbursing function: (1) the name and address of any individual customer with access to an account which was credited, or which should have been credited, with any deposit disbursed by such authority; or (2) the amount so credited. Permits a transfer between Government authorities of any information thus obtained, as long as such transfer is made for, and such information will be used for, the sole purpose of properly administering the law which authorizes the payment of funds involved.

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Timeline

1. 17 November 1983

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 17 November 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 8 December 1983

   Committee

   Committee on Banking requested executive comment from Federal Reserve System, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, Comptroller of the Currency, Treasury Department, National Credit Union Administration.

   Source: Committee

4. 16 February 1984

   Committee

   Committee on Banking received executive comment from Federal Home Loan Bank Board.

   Source: Committee

5. 6 March 1984

   Committee

   Committee on Banking received executive comment from Treasury Department.

   Source: Committee

6. 23 April 1984

   Committee

   Committee on Banking received executive comment from Federal Deposit Insurance Corporation.

   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 Senate

  summary · EN · 17 November 1983

  Open at official source

Sponsors

• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• · ssbk00 · Standing

Related records

• related to → Payroll Deduction Facilitation Act