A bill to amend the Internal Revenue Code of 1954 to require the Secretary of the Treasury to issue a certificate of release of a lien in certain cases, and for other purposes.

Amends the Internal Revenue Code to require the Secretary of the Treasury to issue a certificate of release of a lien imposed with respect to any tax where: (1) the liability has been fully satisfied or has become legally unenforceable; or (2) an appropriate bond conditioned on the payment of the amount assessed is furnished. (Current law allows issuance of such a certificate.)

Requires notice to the taxpayer in cases of levy upon property held by a person other than the taxpayer.