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HR 4501 102th Congress House Economics and Public Finance Auditing Budget deficits Collection agencies Collection of accounts Consumer credit Federal budgets Federal employees Government lending Government paperwork Income tax Payroll deductions Tax administration

Debt Collection Act Amendments of 1992

Introduced: March 18, 1992 Introduced by: Pallone, Frank Democratic · New Jersey See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 1992
Referred to the Subcommittee on Administrative Law and Governmental Relations.
Mar 18, 1992
Referred to the House Committee on Ways and Means.
Mar 18, 1992
Referred to the House Committee on Judiciary.
Mar 18, 1992
Introduced in House
 Plain-English summary Congressional Research Service

Debt Collection Act Amendments of 1992 - Amends Federal law to require the head of an executive or legislative agency (who, currently, is merely authorized) to: (1) contract with a collection service to recover indebtedness owed to the United States; (2) collect such indebtedness from Federal employees in installment deductions; (3) disclose certain information to a consumer reporting agency when trying to collect a claim; and (4) collect such a claim by administrative offset.

Requires the head of a Federal agency to report promptly to the Internal Revenue Service (IRS) any debt that has been paid in full.

Amends the Internal Revenue Code to allow the IRS to disclose address information in accordance with any law granting a Federal claim against a taxpayer.

Directs the Comptroller General to report to the Congress after annual audits of each Federal agency on: (1) the amount of debt owed to the agency; (2) the amount that is delinquent; and (3) action taken by the agency to recover such debt.

Repeals the termination date of the pilot debt collection project of the Department of Justice. Requires the Attorney General to include in the annual report to the Congress on activities to recover indebtedness the total cost of the pilot project and the total amount of debt recovered under it. Requires that recovered funds be used to reduce the Federal deficit.

Prohibits the head of a Federal agency from making a loan until the loan applicant has been prescreened to determine creditworthiness.

Requires the IRS to disclose address information to a Federal agency for use in collecting a claim.

Prohibits the head of a Federal agency from making a loan to a loan applicant who owes a delinquent debt to the Federal Government, including the IRS.

Allows the use of administrative charges by the Secretary of the Treasury for improving credit management techniques.

What's happening now May 12, 1992

Referred to the Subcommittee on Administrative Law and Governmental Relations.

 Committees of jurisdiction 3