,,ii #aafth ,,congress #b;d ,session ,s4 #cghd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,may #bj1 #bjbj,ms4 ,harris 7for herself1 ,mr4 ,sanders1 ,mr4 ,markey1 and ,mrs4 ,gillibrand7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide monthly rebates to every individual residing in the ,united ,states during the ,,covid-#ai pandemic4 #a4 ,short title ,this ,act may be cited as the ,monthly ,economic ,crisis ,support ,act4 #b4 ,monthly rebates to individuals during coronavirus pandemic 7a7 ,in general ,subchapter ,b of chapter #fe of the ,internal ,revenue ,code of #aihf is amended by inserting after section #fdbh the following new section3 #fdbh;,a4 ,monthly rebates to individuals during coronavirus pandemic 7a7 ,in general 7#a7 ,determination of rebate amount 7,a7 ,in general ,on each applicable date1 an eligible individual shall be treated as having made a payment against the tax imposed by chapter #a for the applicable taxable year in an amount equal to the sum of-- 7i7 #b1jjj 7#d1jjj in the case of eligible individuals filing a joint return71 plus 7ii7 an amount equal to the product of #b1jjj multiplied by the number of dependents 7as defined in section #aeb7 of the taxpayer4 7,b7 ,limitation with respect to dependents ,the number of dependents of the taxpayer which may be taken into account for purposes of subparagraph 7,a77ii7 shall not exceed #c4 7#b7 ,limitation based on adjusted gross income ,the amount determined under paragraph 7#a77;,a7 7determined without regard to this paragraph7 shall be reduced 7but not below zero7 by #aj percent of so much of the taxpayer's adjusted gross income as exceeds-- 7,a7 #bjj1jjj in the case of a joint return1 7,b7 #aej1jjj in the case of a head of household1 and 7,c7 #ajj1jjj in the case of a taxpayer not described in subparagraph 7,a7 or 7,b74 7b7 ,applicable date ,for purposes of this section1 the term applicable date means the first day of any month during the period-- 7#a7 beginning ,march #bjbj1 and 7#b7 ending on the third month beginning after the date on which the ,secretary of ,health and ,human ,services determines that the public health emergency declared by such ,secretary under section #cai of the ,public ,health ,service ,act 7#db ,u4,s4,c4 #bdg;d7 on ,january #ca1 #bjbj1 with respect to ,,covid-#ai1 has ended4 7c7 ,other definitions ,for purposes of this section-- 7#a7 ,eligible individual ,the term eligible individual means any individual other than-- 7,a7 any nonresident alien individual1 7,b7 any individual with respect to whom a deduction under section #aea is allowable to another taxpayer for an applicable taxable year beginning in the calendar year in which the individual's taxable year begins1 and 7,c7 an estate or trust4 7#b7 ,applicable taxable year ,the term applicable taxable year means the taxable year ending in the calendar year preceding the date on which the payment under subsection 7a7 is treated as made4 7d7 ,other rules 7#a7 ,timing and manner of payments 7,a7 ,timing ,the ,secretary shall1 subject to the provisions of this title1 refund or credit any overpayment attributable to this section as rapidly as possible4 7,b7 ,alternate information 7i7 ,in general ,for purposes of disbursing refunds payable under this subsection to any eligible individual1 if such individual has not1 as of any applicable date1 filed a tax return for the applicable taxable year1 the ,secretary shall-- 7,i7 use return information with respect to such individual for the taxable year preceding such applicable taxable year1 or 7,,ii7 in the case of an individual who has not filed a tax return for the applicable year or the taxable year described in subclause 7,i71 use any applicable information provided by any relevant ,federal and ,state agencies4 7ii7 ,coordination and notification 7,i7 ,in general ,for purposes of clause 7i77,,ii71 the ,secretary shall-- 7aa7 coordinate with the heads of relevant ,federal and ,state agencies to receive applicable information with respect to any individuals who may be eligible to receive a refund payment pursuant to this section1 and 7bb7 establish1 in such form and manner as is deemed appropriate by the ,secretary1 an alternative method of reporting information necessary to determine the amount of any refund payments for which such individuals may be eligible1 including methods specifically designed to identify and account for foster youth and individuals experiencing homelessness4 7,c7 ,delivery of payments ,notwithstanding any other provision of law1 the ,secretary may certify and disburse refunds payable under this subsection-- 7i7 electronically to any account to which the payee authorized1 on or after ,january #a1 #bjah1 the delivery of a refund of taxes under this title or of a ,federal payment 7as defined in section #cccb of title #ca1 ,united ,states ,code71 or 7ii7 through such other means as are determined appropriate by the ,secretary1 including through the use of stored value cards and online payment systems4 7,d7 ,waiver of certain rules ,notwithstanding section #ccbe of title #ca1 ,united ,states ,code1 or any other provision of law1 with respect to any payment of a refund under this subsection1 a disbursing official in the executive branch of the ,united ,states ,government may modify payment information received from an officer or employee described in section #ccbe7;a77#a77;,b7 of such title for the purpose of facilitating the accurate and efficient delivery of such payment4 ,except in cases of fraud or reckless neglect1 no liability under sections #ccbe1 #cebg1 #cebh1 or #cebi of title #ca1 ,united ,states ,code1 shall be imposed with respect to payments made under this subparagraph4 7#b7 ,reduction of initial payment ,with respect to the initial payment of a refund to a taxpayer which is made under this subsection1 such payment shall be reduced 7but not below zero7 by the amount of any refund or credit made or allowed to such taxpayer pursuant to subsection 7f7 of section #fdbh4 7#c7 ,no interest ,no interest shall be allowed on any overpayment attributable to a payment deemed made under this section4 7#d7 ,notice to taxpayer ,not later than #ae days after the date on which the ,secretary distributed any payment to a taxpayer pursuant to this section1 notice shall be sent by mail to such taxpayer's last known address4 ,such notice shall indicate the method by which such payment was made1 the amount of such payment1 and a phone number for the appropriate point of contact at the ,internal ,revenue ,service to report any failure to receive such payment4 7e7 ,regulations ,the ,secretary shall prescribe such regulations or other guidance as may be necessary to carry out the purposes of this section1 including any such measures as are deemed appropriate to avoid allowing multiple payments to a taxpayer4 4 7b7 ,additional rules 7#a7 ,treatment of possessions ,rules similar to the rules of subsection 7c7 of section #bbja of the ,,cares ,act 7,public ,law #aaf-acf7 shall apply for purposes of section #fdbh;,a of such ,code 7as added by subsection 7a774 7#b7 ,exception from reduction or offset ,any credit or refund allowed or made to any individual by reason of section #fdbh;,a of the ,internal ,revenue ,code of #aihf 7as added by subsection 7a77 or by reason of paragraph 7#a7 of this subsection shall not be-- 7,a7 subject to reduction or offset pursuant to section #cgaf or #cgbj;,a of title #ca1 ,united ,states ,code2 7,b7 subject to reduction or offset pursuant to subsection 7c71 7d71 7e71 or 7f7 of section #fdjb of the ,internal ,revenue ,code of #aihf2 or 7,c7 reduced or offset by other assessed ,federal taxes that would otherwise be subject to levy or collection4 7#c7 ,public awareness campaign ,rules similar to the rules of subsection 7e7 of section #bbja of the ,,cares ,act shall apply for purposes of section #fdbh;,a of such ,code 7as added by subsection 7a774 7#d7 ,prohibition on garnishment 7,a7 ,definitions ,in this paragraph1 the terms financial institution1 freeze1 garnish1 and garnishment order have the meanings given the terms in section #bab4c of title #ca1 ,code of ,federal ,regulations1 as in effect on the date of enactment of this ,act4 7,b7 ,prohibition ,no financial institution may garnish or freeze any portion of a refund made to any debtor by reason of section #fdbh;,a of the ,internal ,revenue ,code of #aihf 7as added by subsection 7a77 or by reason of paragraph 7#a7 pursuant to a garnishment order4 7c7 ,appropriations ,to carry out rebates ,immediately upon the enactment of this ,act1 out of any money in the ,treasury not otherwise appropriated1 there shall be appropriated #bej1jjj1jjj to the ,department of the ,treasury to carry out the purposes of this section and section #fdbh;,a of the ,internal ,revenue ,code of #aihf1 to remain available until expended4 7d7 ,waiver of fees by insured depository institutions ,no insured depository institution1 as defined in section #c of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac71 may impose a fee on a person for cashing any check for a refund payable under section #fdbh;,a of the ,internal ,revenue ,code of #aihf 7as added by subsection 7a77 or subsection 7b77#a74 7e7 ,conforming amendments 7#a7 ,section #fbaa7;b77#d77;,a7 of the ,internal ,revenue ,code of #aihf is amended by striking and #fdbh and inserting #fdbh1 and #fdbh;,a4 7#b7 ,paragraph 7#b7 of section #acbd7;b7 of title #ca1 ,united ,states ,code1 is amended by inserting 8#fdbh;,a10 after 8#fdbh104 7#c7 ,the table of sections for subchapter ,b of chapter #fe of subtitle ,f of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #fdbh the following3 ,sec4 #fdbh;,a4 ,monthly rebates to individuals during coronavirus pandemic4 4