PROHIBITION OF SALES OF SEIZED PROPERTY AT LESS THAN MINIMUM BID.

SEC. 3441. PROHIBITION OF SALES OF SEIZED PROPERTY AT LESS THAN MINIMUM BID. (a) In General.— Section 6335(e)(1)(A)(i) (relating to determinations relating to minimum price) is amended by striking “a minimum price for which such property shall be sold” and inserting “a minimum price below which such property shall not be sold”. (b) Reference to Penalty for Violation.— Section 6335(e) is amended by adding at the end the following new paragraph: “(4) Cross reference.— “For provision providing for civil damages for violation of paragraph (1)(A)(i), see section 7433.”. (c) Effective Date.— The amendments made by this section shall apply to sales made after the date of the enactment of this Act.