Treasury Finalizes Rule For Contractor E-Payment

Law360, New York (July 10, 2012, 7:47 PM EDT) -- The U.S. Department of the Treasury finalized a rule Monday that will implement its new online payment system for contractors, saying the new system will streamline payments for civilian-agency contractors, including with more than 4,000 small businesses that contract with Treasury annually.

The Treasury Department announced its intent to implement the new Internet Payment Platform in July 2011, and issued a proposed rule on the payment system in February. The final rule makes few changes, setting the IPP on the path towards implementation by October, when...
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