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EO 14247

Modernizing Payments To and From America's Bank Account

ActiveSigned March 25, 2025
Government EfficiencyGovernmental – Public Policy and Government AffairsCommercial FinancePrivacy and CybersecurityFintechConsumer Financial Services

Summary

This EO mandates the transition to electronic payments for all Federal disbursements and receipts by digitizing payments to the extent permissible under applicable law. Effective September 30, 2025, and to the extent permitted by law, the Secretary of the Treasury shall cease issuing paper checks for all Federal disbursements inclusive of intragovernmental payments, benefits payments, vendor payments, and tax refunds, except as specified in section 4 of this order. As soon as practicable, and to the extent permitted by law, all payments made to the Federal Government shall be processed electronically.

Agencies Impacted

  • All

Timeline

Immediate, 90 days 180 days.

Deliverable

The heads of agencies shall submit a compliance plan to the Director of the Office of Management and Budget detailing their strategy for eliminating paper-based transactions (90 days). The Secretary of the Treasury shall submit an implementation report to the President detailing progress on the matters set forth in this order (180 days).

Legal Challenges

No known legal challenges.