,i #aae? ,,congress #b;d ,session ,h4 ,r4 #ecfh ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ba1 #bjah,mr4 ,bi%op ( ,mi*igan 7= himself1 ,mrs4 ,walorski1 & ,mr4 ,r5acci7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to require t c]ta9 tax refunds be made by electronic funds transf]1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,taxpay] ,,id ,protection & ,fraud ,prev5tion ,act4 #b4 ,income tax refunds ) respect to electronically fil$ returns requir$ to be made by electronic funds transf] 7a7 ,9 g5]al ,section #fdjb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7n7 ,refunds ,to be made by electronic funds transf] 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is subsection1 any refund or paym5t made by ! ,secret>y "u ?is title ) respect to an income tax return :i* is fil$ electronically %all be made by electronic funds transf]4 7#b7 ,exceptions ,! ,secret>y may1 bas$ on /&>ds develop$ by ! ,secret>y1 waive ! application ( p>agraph 7#a7 to refunds or paym5ts-- 7,a7 to p]sons or classes ( p]sons = :om compliance imposes a h>d%ip1 includ+ p]sons :o d n h access to any ( ! me?ods by :i* ! ,secret>y makes paym5ts by electronic funds transf] 7includ+ bank acc\nts1 prepaid debit c>ds1 ,direct ,express ,c>ds1 digital wallets1 & any o!r secur$ electronic paym5t me?od z may id5tifi$ by ! ,secret>y71 & 7,b7 9 o!r circum/ances z may be necess>y4 7#c7 ,regulations ,! ,secret>y %all issue su* regulations or o!r guidance z may be necess>y to increase ! p]c5tage ( refunds & paym5ts made by electronic funds transf]1 includ+ regulations or o!r guidance :i*-- 7,a7 requires recipi5ts ( refunds or paym5ts requir$ to be made by electronic funds transf] to-- 7i7 designate "o or m f9ancial in/itutions or o!r au?oriz$ ag5ts to :i* su* paym5ts %all be made1 & 7ii7 provide in=mation necess>y = su* recipi5t to receive su* refund or paym5t by electronic funds transf]1 & 7,b7 ensures t p]sons requir$ to h an acc\nt at a f9ancial in/itution "u subp>agraph 7,a7 because ( ! application ( p>agraph 7#a7-- 7i7 w h access to su* an acc\nt at a reasonable co/1 & 7ii7 are giv5 ! same consum] protections ) respect to su* acc\nt z o!r acc\nt hold]s at ! same f9ancial in/itution4 4 7b7 ,no inf]5ce ) respect to =m ( electronic funds transf] ,no?+ 9 ! am5dm5t made by ?is section %all be int]pret$ to re/rict ! =m ( electronic funds transf] by :i* ! ,secret>y ( ! ,treasury1 or 8 designee1 may make refunds or paym5ts4 7c7 ,effective date ,! am5dm5t made by ?is section %all apply to refunds & paym5ts made aft] ,decemb] #ca1 #bjai4 #c4 ,refunds to prepaid debit c>ds1 ,direct ,express c>ds1 etc ,! ,secret>y ( ! ,treasury1 or 8 designee1 %all-- 7#a7 to ! maximum ext5t practicable1 all[ income tax refunds to be made by electronic funds transf] to prepaid debit c>ds1 ,direct ,express c>ds1 digital wallets1 & any o!r secure electronic paym5t me?od z may be det]m9$ by ! ,secret>y1 7#b7 ensure t taxpay]s are aw>e ( ! v>i\s me?ods ref]r$ to 9 p>agraph 7#a7 by :i* taxpay]s may receiv$ income tax refunds by electronic funds transf]1 & 7#c7 revise ref]5ces 9 mat]ials provid$ to taxpay]s 7includ+ income tax returns & in/ructions7 to ensure t ! v>i\s acc\nts to :i* refunds may be made are ref]5c$1 n simply *eck+ & sav+s acc\nts4 #d4 ,report on implem5tation ( requirem5t t all income tax refunds be made by electronic funds transf] ,n lat] ?an ! date :i* is #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury1 or ! ,secret>y's delegate1 %all submit a writt5 report to ,congress describ+ h[ ! ,secret>y w\ld implem5t a requirem5t t all income tax refunds be made by electronic funds transf]4 ,su* report %all include any legislative recomm5dations t ! ,secret>y may h ) respect to ! implem5tation ( su* a requirem5t4 #e4 ,decrease 9 return ?re%old = requir+ electronic fil+ 7a7 ,9 g5]al ,section #fjaa7;e77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #bej & ins]t+ #be4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to returns ! due date = :i* 7det]m9$ )\t reg>d to ext5sions7 is aft] ,decemb] #ca1 #bjah4 #f4 ,modification ( e>lie/ date on :i* cr$its or refunds 9 connection ) *ild tax cr$it & e>n$ income tax cr$it are made 7a7 ,9 g5]al ,section #fdjb7m7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ! #ae? day ( ! second mon? & ins]t+ ! #a/ day ( ! ?ird mon?4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to cr$its or refunds made aft] ,decemb] #ca1 #bjah4 #g4 ,annual report on improp] paym5ts ,! ,secret>y ( ! ,treasury1 or ! ,secret>y's delegate1 %all annually submit a writt5 report to ,congress :i* id5tifies ! aggregate am\nts ( improp] paym5ts made by ! ,int]nal ,rev5ue ,s]vice4 ,su* report %all sep>ately /ate ! aggregate am\nt ( su* paym5ts by relevant subcategories4 ,su* subcategories %all include und]paym5ts1 ov]paym5ts1 paym5ts attributable to id5tity !ft1 paym5ts attributable to misid5tification o!r ?an id5tity !ft1 paym5ts attributable to o!r fraud1 & su* o!r subcategories z ! ,secret>y det]m9es w\ld be useful4 #h4 ,public-private p>tn]%ip to address id5tity !ft ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all "w collaboratively ) ! public & private sectors to protect taxpay]s f id5tity !ft refund fraud4 #i4 ,recomm5dations ( ,electronic ,tax ,adm9i/ration ,advisory ,committee reg>d+ id5tity !ft refund fraud ,! ,secret>y ( ! ,treasury %all ensure t ! advisory gr\p conv5$ by ! ,secret>y pursuant to section #bjja7;b77#b7 ( ! ,int]nal ,rev5ue ,s]vice ,re/ructur+ & ,re=m ,act ( #aiih 7commonly kn[n z ! ,electronic ,tax ,adm9i/ration ,advisory ,committee7 /udies 7includ+ by provid+ organiz$ public =ums7 & makes recomm5dations to ! ,secret>y reg>d+ me?ods to prev5t id5tity !ft refund fraud4