Nacha filed comments (can we link our letter) on March 10, 2023, in support of the Treasury Department’s efforts to implement a statutory mandate requiring the federal government to deliver non-tax payments by electronic funds transfer (EFT).

The comments are designed to help Treasury create a report on the future of money and payment systems that was requested in President Biden’s Digital Asset Executive Order on March 9, 2022.

Nacha filed comments this week pertaining to the Board of Governors of the Federal Reserve System (the “Fed”) notice and request for comment.