Payment data will be collected from vendors doing business with the Federal Government. Treasury/Fiscal Service will use the information to electronically transmit payments to vendors and financial institutions.
Since the form is on line, there is no cost to order forms. The reduction of burden hours is due to electronic initiatives like the System for Award Management (SAM) which allows for one-time, government-wide enrollment for procurement and finance. Among other required data, SAM collects bank account information that is needed to generate electronic payments. This database minimizes the need to collect payment data from registered vendors using the SF 3881 and significantly reduces the burden of collecting banking data on an SF 3881.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.