U.S. Coast Guard (USCG) Issues Notice Regarding Vendor Payments

05 April update: To accelerate the payment rate to our vendor community and improve the reliability of the new financial system, the Coast Guard Commandant directed the establishment of an Incident Command. In the three weeks since the team stood up, several dozen additional Coast Guard members from throughout the country have been reassigned to assist in reviewing old invoices and paying claims. To date, the Coast Guard has made $3.7 billion in payments to our vendors from the new financial system and we continue to aggressively reduce our invoice backlog. Previous updates on this topic are in the attachment.