H.R. 5446 — Introduced in House

I 115th CONGRESS 2d Session H. R. 5446 IN THE HOUSE OF REPRESENTATIVES April 10, 2018 Mr. Ferguson (for himself and Mr. Crowley) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized property by the Secretary of the Treasury to perishable goods. 1. Rules for seizure and sale of perishable goods restricted to only perishable goods (a) In general Section 6336 of the Internal Revenue Code of 1986 is amended by striking or become greatly reduced in price or value by keeping, or that such property cannot be kept without great expense. (b) Effective date The amendment made by this subsection shall apply to property seized after the date of the enactment of this Act.