15 CFR 19.7
§ 19.7 When will Commerce entities compromise a Commerce debt?
United States · 15 CFR — Commerce and Foreign Trade · Status: effective
Cite this
- Citation
- 15 CFR 19.7, § 19.7 When will Commerce entities compromise a Commerce debt?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/61095
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Full text
If a Commerce entity cannot collect the full amount of a Commerce debt, the Commerce entity may, with legal counsel approval, compromise the Commerce debt in accordance with the provisions of 31 CFR part 902 and the Commerce entity's policies and procedures. (See Commerce Department Credit and Debt Management Operating Standards and Procedures Handbook, available at http://www.osec.doc.gov/ofm/credit.cover.html.)
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.