Notice2023-21282
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Notice to Account Holder for Garnishment of Accounts Containing Federal Benefit Payments
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 28, 2023
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on this request.
Full Text
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<title>Federal Register, Volume 88 Issue 187 (Thursday, September 28, 2023)</title>
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[Federal Register Volume 88, Number 187 (Thursday, September 28, 2023)]
[Notices]
[Pages 66959-66960]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-21282]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Notice to Account Holder for Garnishment of
Accounts Containing Federal Benefit Payments
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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SUMMARY: The Department of the Treasury will submit the following
information collection request to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on this request.
DATES: Comments should be received on or before October 30, 2023 to be
assured of consideration.
[[Page 66960]]
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#0252504342767067637177707b2c656d74"><span class="__cf_email__" data-cfemail="603032212014120501131512194e070f16">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Departmental Offices (DO)
Title: Notice to Account Holder for Garnishment of Accounts
Containing Federal Benefit Payments.
OMB Control Number: 1505-0230.
Type of Review: Extension without change of a currently approved
collection.
Description: On May 29, 2013, the Department of the Treasury,
Social Security Administration, Department of Veterans Affairs,
Railroad Retirement Board and the Office of Personnel Management
(Agencies) published a final rule, which governed the garnishment of
certain federal benefit payments that are directly deposited to
accounts at financial institutions. Social Security benefits,
Supplemental Security Income benefits, VA benefits, Federal Railroad
retirement benefits, Civil Service Retirement System and Federal
Employee Retirement System benefits are exempt under federal law from
garnishment orders. The final rule gave force and effect to the federal
anti-garnishment statutes. The rule also addressed the hardships that
recipients of federal benefit payments encountered when a financial
institution placed a freeze on an account containing certain types of
exempt federal benefit payments that had been directly deposited, and
the difficulties that financial institutions had in determining whether
funds deposited into an account are exempt from garnishment. The
primary goals of the rule were (1) to ensure that benefit recipients
have full and customary access to exempt funds; (2) to protect
financial institutions from liability when, having received a
garnishment order for an account holder receiving exempt federal
benefit payments, they allow the account holder access to exempt funds
in the account; and (3) to establish straightforward, uniform, cost
effective procedures addressing the extent to which financial
institutions may, pursuant to garnishment orders, freeze or seize funds
in accounts that contain federal benefits.
The collection of information in the Final Rule is found in
Sec. Sec. 212.6 Rules and procedures to protect benefits and is
authorized under 12 U.S.C. 1786 and 12 U.S.C. 1818.
Form: None.
Affected Public: Private Sector; State, Local and Tribal
governments.
Estimated Number of Respondents: 487,750.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 487,750.
Estimated Time per Response: 5-10 minutes.
Estimated Total Annual Burden Hours: 76,688.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2023-21282 Filed 9-27-23; 8:45 am]
BILLING CODE 4810-AK-P
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