Federal Credit and Debt Management Act of 1992

[AI summary unavailable — showing source text] Federal Credit and Debt Management Act of 1992 - Amends Federal law to require the head of an executive or legislative agency to take all appropriate and cost-effective actions to collect aggressively all claims of the U.S. Government. Expands agency debt-collection authorities. Makes businesses eligible for the Internal Revenue Service tax refund offset program. Prohibits any person from obtaining any Federal financial assistance in the form of a loan (except for a Commodity Credit Corporation price support loan) or loan guarantee if such person has an outstanding debt with an executive agency which is in a delinquent status. Allows the agency head to waive such prohibition. Requires each Federal agency to develop a data base of information on outstanding debt which is in a delinquent status. Allows the sharing of such information among Federal agencies. Requires persons doing business with the Federal Government in any loan program, as grant recipients, insurance or license recipients, or contractors to furnish their taxpayer identifying number. Requires agency disclosure on the use of such number to include the intent to use it for purposes of collecting or reporting on delinque…