Hyperlawhypertext legal databasebeta An act to amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to certain Federal tax levies.

PL-112-267 An act to amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to certain Federal tax levies. US

Contents
Preamble

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1 — AMENDMENTS

Section 8437(e)(3) of title 5, United States Code, is amended in the first sentence-- (1) by striking ``659)'' and inserting ``659),''; and (2) by striking the period at the end and inserting the following: ``, and shall be subject to a Federal tax levy under section 6331 of the Internal Revenue Code of 1986.''.

Section 2 — DISPOSITION OF AMOUNTS

Any potential revenue gain attributable to the enactment of this Act, as determined by the Director of the Congressional Budget Office-- (1) shall be deposited in the general fund of the Treasury of the United States; and (2) shall be used solely for purposes of deficit reduction.

Approved January 14, 2013.

LEGISLATIVE HISTORY--H.R. 4365: ---------------------------------------------------------------------------

HOUSE REPORTS: No. 112-630 (Comm. on Oversight and Government Reform). CONGRESSIONAL RECORD: Vol. 158 (2012): July 31, Aug. 1, considered and passed House. Vol. 158 (2013): Jan. 1, considered and passed Senate.

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