16 CFR 1.120

§ 1.120 Purpose.

United States · 16 CFR — Commercial Practices · Status: effective

Cite this

Citation: 16 CFR 1.120, § 1.120 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/63759
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Full text

This subpart establishes procedures for the Commission's referral of past-due legally enforceable debts to the Department of the Treasury's Bureau of the Fiscal Service (Fiscal Service) for offset against the tax refund payments of the debtor, consistent with applicable Fiscal Service regulations and definitions set forth in 31 CFR 285.2 and 285.5.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.