Chief Counsel reviews of offers-in-compromise streamlined

(a) In General Section 7122(b) is amended by striking in any case and all that follows through his delegate and inserting in any case which the Secretary determines presents a significant legal issue, there shall be placed on file in the office of the Secretary the opinion of the General Counsel for the Department of the Treasury, or the Counsel’s delegate. (b) Conforming amendments Section 7122(b) is amended by striking the second and third sentences. (c) Effective Date The amendments made by this section shall apply to offers-in-compromise submitted or pending on or after the date of the enactment of this Act.