,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ddfc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #aj1 #bjad ,ms4
 ,bonamici introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means1 & 9 addition to ! ,committee on 
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d ! ,consum] 
,f9ancial ,protection ,act ( #bjaj to   
regulate tax return prep>]s & refund    
anticipation paym5t arrangem5ts1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,tax ,refund ,protection
 ,act ( #bjad4  #b4 ,regulation ( refund
 anticipation paym5t in/rum5ts & tax    
return prep>]s  7a7 ,9 g5]al ,subtitle  
,b ( ! ,consum] ,f9ancial ,protection   
,act ( #bjaj 7#ab ,u4,s4,c4 #edha et    
seq47 is am5d$ by add+ at ! end ! foll[+
 new section3  #ajbi;,b4 ,regulation (  
refund anticipation paym5t arrangem5ts &
 tax return prep>]s  7a7 ,9 g5]al ,!    

,bureau %all--  7#a7 regulate refund    
anticipation paym5t arrangem5ts2  7#b7  
e/abli% a program to lic5se or c]tify   
tax return prep>]s subject to ?is       
section2  7#c7 regulate su* tax return  
prep>]s2 &  7#d7 be=e lic5s+ or c]tify+ 
a p]son z a tax return prep>] subject to
 ?is section1 require t ! p]son         
demon/rate--  7,a7 good "*2  7,b7 good  
reputation2  7,c7 necess>y              
qualifications to enable ! p]son to     
provide to p]sons valuable s]vice z a   
tax return prep>]2 &  7,d7 compet5cy to 
p]=m ! functions ( a tax return prep>]4 
7b7 ,au?ority ,to impose a fee ,!       
,bureau %all require tax return prep>]s 
subject to ?is section to pay a         
reasonable fee = lic5s+ or c]tification 
"u ?is section4  7c7 ,disclosure        
requirem5ts ,! ,bureau %all1 by rule1   
require tax return prep>]s subject to   
?is section to provide a disclosure     
/atem5t to a consum] t %all conta9      
/atem5ts--  7#a7 id5tify+ ! am\nt ( fees
 su* tax return prep>] *>ges = prep>+ a 

,f$]al income tax return1 fil+ a ,f$]al 
income tax return1 or execut+ a refund  
anticipation paym5t arrangem5t2  7#b7   
id5tify+ ! av]age am\nt ( "t 9 :i* an   
individual :o files a ,f$]al income tax 
return electronically c expect to       
receive a refund by mail1 accord+ to    
in=mation provid$ by ! ,int]nal ,rev5ue 
,s]vice2  7#c7 describ+1 9 ! case ( a   
refund anticipation paym5t arrangem5t   
involv+ a depository acc\nt n controll$ 
by ! consum]1 ! diff]5ce 9 days betwe5 !
 av]age am\nt ( "t by :i* a consum]     
receives ! tax refund 79 :ole or 9 "p7 f
 a refund anticipation paym5t arrangem5t
 & ! av]age am\nt ( "t by :i* a consum] 
:o files a ,f$]al income tax return     
electronically receives ! tax refund    
deposit$ directly to t consum]'s deposit
 acc\nt by ! tax+ au?ority2  7#d7 t a   
refund anticipation paym5t arrangem5t is
 n necess>y to receive a tax refund2 &  
7#e7 t1 if a consum] does n receive a   
tax refund or ! am\nt ( ! tax refund is 
less ?an ! am\nt anticipat$ "u ! refund 

anticipation paym5t arrangem5t1 !       
consum] may be responsible = pay+ any   
fees & int]e/ associat$ ) a refund      
anticipation paym5t arrangem5t4  7d7    
,requirem5ts "u ,,tila ,! ,bureau %all  
issue regulations t1 to ! ext5t         
practicable1 require tax return prep>]s 
t ent] into a refund anticipation paym5t
 arrangem5t to comply ) section #abh ( !
 ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4      
#afch7 to ! same ext5t z a cr$itor mak+ 
a consum] cr$it transaction o!r ?an "u  
an op5 end cr$it plan4  7e7 ,discipl9>y 
proc$ures ,aft] notice & opportunity = a
 he>+1 ! ,bureau may take any en=cem5t  
action aga9/ a tax return prep>] subject
 to ?is section :o--  7#a7 is           
incompet5t2  7#b7 is disreputable2  7#c7
 violates regulations prescrib$ "u ?is  
section2 or  7#d7 ) int5t to defraud1   
willfully & kn[+ly misleads or ?reat5s a
 consum]4  7f7 ,def9itions ,= purposes (
 ?is section1 ! foll[+ def9itions %all  
apply3  7#a7 ,tax return prep>] ,! t]m  
tax return prep>] subject to ?is section

 means a tax return prep>] 7z def9$ 9   
section #ggja7;a77#cf7 ( ! ,int]nal     
,rev5ue ,code ( #aihf7 :o is n subject  
to regulation "u section #ccj ( title   
#ca1 ,unit$ ,/ates ,code4  7#b7 ,refund 
anticipation paym5t arrangem5t ,! t]m   
refund anticipation paym5t arrangem5t   
means an arrangem5t "u :i*1 9 ex*ange = 
,f$]al income tax prep>ation s]vices1 a 
consum] agrees to pay a fee or int]e/ ^u
 receipt ( ! consum]'s tax refund to a  
tax return prep>]1 l5d]1 or o!r         
affiliat$ l5d] by--  7,a7 reque/+ !     
,f$]al ,gov]nm5t to deposit su* tax     
refund1 9 :ole or 9 "p1 directly into a 
depository acc\nt designat$ by ei!r !   
consum] or ! tax return prep>]1 l5d]1 or
 o!r affiliat$ l5d]2 or  7,b7 directly  
pay+ ! fee or int]e/ to ! tax return    
prep>]1 l5d]1 or o!r affiliat$ l5d]4  4 
7b7 ,cl]ical am5dm5t ,! table ( cont5ts 
( ! ,dodd-,frank ,wall ,/reet ,re=m &   
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #ecja et seq47 is am5d$ by ins]t+ aft] 
! item relat$ to section #ajbi;,a !     

foll[+ new item3  ,sec4 #ajbi;,b4       
,regulation ( refund anticipation paym5t
 arrangem5ts & tax return prep>]s4  4   
7c7 ,exclusion = c]ta9 tax prep>]s  7#a7
 ,9 g5]al ,section #ajbg7;d77#a7 ( su*  
,act is am5d$ by /rik+ subp>agraph 7,b74
  7#b7 ,con=m+ am5dm5ts ,section        
#ajbg7;d7 ( su* ,act is fur!r am5d$--   
7,a7 9 p>agraph 7#a7--  7i7 9 ! head+1  
by /rik+ & tax prep>]s2  7ii7 by /rik+  
subp>agraph 7,b72  7iii7 by /rik+       
au?ority ov] & all t foll[s ?r\gh any   
p]son & ins]t+ au?ority ov] any p]son2  
7iv7 by r$esignat+ clauses 7i7 & 7ii7 z 
subp>agraphs 7,a7 & 7,b71 respectively1 
& by mov+ su* subp>agraphs #b ems to !  
left2  7v7 by r$esignat+ subclauses 7,i7
 & 7,,ii7 z clauses 7i7 & 7ii71         
respectively1 & by mov+ su* clauses #b  
ems to ! left2  7vi7 9 subp>agraph 7,a7 
7z r$esignat$71 by ins]t+ 7except z     
relat$ to tax return prep>]s pursuant to
 section #ajbi;,b7 aft] tax2 &  7vii7 9 
clause 7ii7 7z r$esignat$71 by /rik+ 2  
or & ins]t+ a p]iod2 &  7,b7 9 p>agraph 

7#b7--  7i7 9 subp>agraph 7,a7--  7,i7  
by /rik+ p>agraph 7#a77;,a7 or 7#a77;,b7
 & ins]t+ su* p>agraph2 &  7,,ii7 by    
/rik+ p>agraph 7#a77;,a7 ea* place x    
appe>s & ins]t+ p>agraph 7#a72  7ii7 9  
subp>agraph 7,c7--  7,i7 by /rik+ ,=    
purposes ( subp>agraphs 7,a7 & 7,b71 a  
p]son describ$ 9 p>agraph 7#a77;,a7 &   
ins]t+ ,a p]son describ$ 9 p>agraph     
7#a72 &  7,,ii7 by /rik+ clause 7i7 or  
7ii7 ( p>agraph 7#a77;,a7 & ins]t+      
subp>agraph 7,a7 or 7,b7 ( p>agraph     
7#a72 &  7iii7 9 subp>agraph 7,d71 by   
/rik+ describ$ 9 p>agraph 7#a77;,a7 or  
7#a77;,b74  #c4 ,split refunds may      
include tax return prep>]  7a7 ,9 g5]al 
,section #fdjb ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+3  7m7 ,split refunds ,an income
 tax refund reque/$ on a return ( ,f$]al
 income tax prep>$ by an income tax     
prep>] may be split betwe5 ! prep>] & ! 
taxpay] 9 accordance ) ! split reque/$  
by ! taxpay] on ! return4 ,a split ( an 
individual income tax return "u ?is     

subsection %all n be treat$ z           
disreputable conduct m]ely because !    
taxpay] reque/$ su* split4  4  7b7      
,effective date ,! am5dm5t made by      
subsection 7a7 %all apply ) respect to  
returns = taxable ye>s end+ aft] ! date 
( ! enactm5t ( ?is ,act4