🏦DFC's Privacy Act Modifications Impacting Federal Financial Assistance
Privacy Act of 1974; System of Records
Summary
The U.S. International Development Finance Corporation (DFC) proposes modifications to its systems of records for DFC/01, DFC/02 and DFC/03 under the Privacy Act of 1974. The modifications include: Updating the contact information for the current Chief Information Officer and adding a new routine use allowing disclosure to the Department of the Treasury when reviewing payment and award eligibility through the Do Not Pay Working System to identify, prevent, or recoup improper payments, in compliance with M-25-32 and E.O. 14249.
Agencies
- U.S. International Development Finance Corporation
Business Impact
$$ - Med
The modifications to the DFC's systems of records under the Privacy Act could have implications for businesses applying for federal funds, as the new routine use allows the Department of Treasury to disclose information relevant to preventing improper payments. This affects businesses receiving financial assistance or engaged with federal entities.