06/04/2025

IRS Seeks Request for Information Related to Trump Administration Executive Order 14247 | Modernizing Payments to and from America’s Bank Account

Responses are requested on or before June 30, 2025

Today, the Internal Revenue Service (IRS) reached out to the Ohio Society of Association Professionals to seek our assistance in gaining input on President Donald Trump's executive order 14247, what the administration has named "Modernizing Payments to and from America's Bank Account."

This EO transitions federal disbursements to electronic payments.

Given the signing of this EO, the U.S. Department of the Treasury (Treasury) has released a request for information (RFI)

According to the Treasury's press release, "beginning Sept. 30, 2025, all federal payments that are currently made by paper check—including Social Security benefits, tax refunds and vendor payments—will be made electronically."

The press release states that "paper checks are increasingly 'the front door for fraud.' Treasury is committed to raising awareness of the growing fraud risks associated with paper checks and providing Americans with the knowledge and tools to fight financial fraud and make informed financial decisions."

The IRS request also noted that, as described in the Treasury news release:

• The Request for Information (RFI) offers the opportunity for interested individuals and organizations to provide feedback on Treasury’s implementation of the executive order and to make recommendations to increase public awareness to help consumers, including unbanked and underbanked populations, transition to digital payments.

Written comments and information are requested on or before June 30, 2025.

Please use this link to find instructions for submitting your comments, along with specific questions related to the proposed implementation.