H. R. 4365
IN THE SENATE OF THE UNITED STATES
August 2, 2012
Received; read twice and referred to the Committee on Homeland Security and Governmental Affairs
To amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to certain Federal tax levies.
Section 8437(e)(3) of title 5, United States Code, is amended in the first sentence—
659) and inserting
by striking the
period at the end and inserting the following:
, and shall be subject to
a Federal tax levy under
6331 of the Internal Revenue Code of 1986..
Disposition of amounts
Any potential revenue gain attributable to the enactment of this Act, as determined by the Director of the Congressional Budget Office—
shall be deposited in the general fund of the Treasury of the United States; and
shall be used solely for purposes of deficit reduction.
Passed the House of Representatives August 1, 2012.
Karen L. Haas,