Electronic Funds Transfer Federal Salary Act

[AI summary unavailable — showing source text] Electronic Funds Transfer Federal Salary Act - Authorizes the Secretary of the Treasury to require the wages and salaries of any or all Federal employees to be paid by electronic funds transfer or any other method determined to be economical or effective. Requires the employees to designate the financial organizations to receive payments of their wages and salaries. Provides that no fees shall be charged by the Secretary to such an organization or by the organization to employees in connection with such payments. Permits the Secretary to exempt employees earning less than $20,000 annually.…