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Text of To amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to ...

...are subject to certain Federal tax levies.

This bill was enacted after being signed by the President on January 14, 2013. The text of the bill below is as of Jul 30, 2012 (Reported by House Committee).

This is not the latest text of this bill.

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Union Calendar No. 453

112th CONGRESS

2d Session

H. R. 4365

[Report No. 112–630]

IN THE HOUSE OF REPRESENTATIVES

April 17, 2012

(for herself and Mr. Ross of Florida) introduced the following bill; which was referred to the Committee on Oversight and Government Reform

July 30, 2012

Additional sponsor: Mr. Austin Scott of Georgia

July 30, 2012

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Insert the part printed in italic


A BILL

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


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..

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.

July 30, 2012

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed