The U.S. Agency for International Development (USAID) has proposed a new rule to update its regulations on claims collection. This rule aims to comply with the Digital Accountability and Transparency Act of 2014 by requiring USAID to refer certain overdue debts to the U.S. Department of the Treasury. By revising definitions and processes and ensuring conformity with existing statues, USAID seeks to improve the effectiveness of its debt collection procedures. Public comments on the proposed rule were invited until March 31, 2021.
Simple Explanation
USAID is planning to change some rules to make it easier to collect money people owe them by asking the Treasury to help if the money is overdue for a long time. They want people to share their thoughts by March 31, 2021, to make sure the new rules work well.