,,ii  #aaeth ,,congress  #ast ,session  
,s4 #acbi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #h1      
#bjag,mrs4 ,fischer 7for herself and    
,mr4 ,manchin7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend title #ca1 ,united ,states  
,code1 to permit the ,secretary of the  
,treasury to locate and recover certain 
assets of the ,united ,states           
,government4  #a4 ,short title ,this    
,act may be cited as the ,r,ecovering   
and ,c,ollecting ,unclaimed federal     
,property ,act of #bjag or the ,,recoup 
,act4  #b4 ,increase and streamline     
recovery of unclaimed assets owed to the
 ,united ,states ,section #cgaa of title
 #ca1 ,united ,states ,code1 is amended 
by adding at the end the following3  7j7
 7#a7 ,the ,secretary of the ,treasury  
7referred to in this subsection as the  
8,secretary07 may locate and recover    
assets of the ,united ,states           
,government on behalf of any executive1 

judicial1 or legislative agency in      
accordance with such procedures as the  
,secretary considers appropriate4  7#b7 
,notwithstanding any other provision of 
law concerning the depositing or        
collection of ,federal payments1        
including section #ccjb7;b71 the        
,secretary may retain a portion of the  
amounts recovered under this subsection 
to cover the administrative and         
operational costs of the ,secretary     
associated with locating and recovering 
assets of the ,united ,states           
,government4  7#c7 ,the ,secretary shall
 use any funds appropriated to the      
,secretary to carry out this subsection4
  7#d7 ,any savings associated with     
carrying out this subsection shall be   
transferred to the general fund of the  
,treasury for the purpose of deficit    
reduction4  4