StacksVerified U.S. regulatory reference

46 CFR §505.2

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Administrative offset, as defined in 31 U.S.C. 3701(a)(1), means withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government.
  2. (b)Person includes a natural person or persons, profit or non-profit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or of any State or local government shall be excluded.