STUDY OF NETTING OF INTEREST ON OVERPAYMENTS AND LIABILITIES.

Sec. 1208. STUDY OF NETTING OF INTEREST ON OVERPAYMENTS AND LIABILITIES. (a) In general.— The Secretary of the Treasury or his delegate shall— (1) conduct a study of the manner in which the Internal Revenue Service has implemented the netting of interest on overpayments and underpayments and of the policy and administrative implications of global netting, and (2) before submitting the report of such study, hold a public hearing to receive comments on the matters included in such study. (b) Report.— The report of such study shall be submitted not later than 6 months after the date of the enactment of this Act to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate.