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(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.
(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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 46. Shipping § 46.505.2 Definitions - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-46-shipping/cfr-sect-46-505-2.html
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