,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cghd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bj1 #bjbj,ms4    
,h>ris 7= h]self1 ,mr4 ,s&]s1 ,mr4      
,m>key1 & ,mrs4 ,gillibr&7 introduc$ !  
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to provide mon?ly rebates to e    
individual resid+ 9 ! ,unit$ ,/ates dur+
 ! ,,covid-#ai p&emic4  #a4 ,%ort title 
,?is ,act may be cit$ z ! ,mon?ly       
,economic ,crisis ,support ,act4  #b4   
,mon?ly rebates to individuals dur+     
coronavirus p&emic  7a7 ,9 g5]al        
,sub*apt] ,b ( *apt] #fe ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #fdbh ! foll[+ new        
section3  #fdbh;,a4 ,mon?ly rebates to  
individuals dur+ coronavirus p&emic  7a7
 ,9 g5]al  7#a7 ,det]m9ation ( rebate   
am\nt  7,a7 ,9 g5]al ,on ea* applicable 
date1 an eligible individual %all be    
treat$ z hav+ made a paym5t aga9/ ! tax 
impos$ by *apt] #a = ! applicable       

taxable ye> 9 an am\nt equal to ! sum   
(-- 7i7 #b1jjj 7#d1jjj 9 ! case (       
eligible individuals fil+ a jo9t        
return71 plus  7ii7 an am\nt equal to ! 
product ( #b1jjj multipli$ by ! numb] ( 
dep5d5ts 7z def9$ 9 section #aeb7 ( !   
taxpay]4  7,b7 ,limitation ) respect to 
dep5d5ts ,! numb] ( dep5d5ts ( ! taxpay]
 :i* may be tak5 into acc\nt = purposes 
( subp>agraph 7,a77ii7 %all n exce$ #c4 
7#b7 ,limitation bas$ on adju/$ gross   
income ,! am\nt det]m9$ "u p>agraph     
7#a77;,a7 7det]m9$ )\t reg>d to ?is     
p>agraph7 %all be r$uc$ 7b n bel[ z]o7  
by #aj p]c5t ( s mu* ( ! taxpay]'s      
adju/$ gross income z exce$s-- 7,a7     
#bjj1jjj 9 ! case ( a jo9t return1  7,b7
 #aej1jjj 9 ! case ( a head ( h\sehold1 
&  7,c7 #ajj1jjj 9 ! case ( a taxpay] n 
describ$ 9 subp>agraph 7,a7 or 7,b74    
7b7 ,applicable date ,= purposes ( ?is  
section1 ! t]m applicable date means !  
fir/ day ( any mon? dur+ ! p]iod-- 7#a7 
beg9n+ ,m>* #bjbj1 &  7#b7 end+ on !    
?ird mon? beg9n+ aft] ! date on :i* !   

,secret>y ( ,heal? & ,human ,s]vices    
det]m9es t ! public heal? em]g5cy decl>$
 by su* ,secret>y "u section #cai ( !   
,public ,heal? ,s]vice ,act 7#db        
,u4,s4,c4 #bdg;d7 on ,janu>y #ca1 #bjbj1
 ) respect to ,,covid-#ai1 has end$4    
7c7 ,o!r def9itions ,= purposes ( ?is   
section-- 7#a7 ,eligible individual ,!  
t]m eligible individual means any       
individual o!r ?an-- 7,a7 any nonresid5t
 ali5 individual1  7,b7 any individual )
 respect to :om a d$uction "u section   
#aea is all[able to ano!r taxpay] = an  
applicable taxable ye> beg9n+ 9 ! cal5d>
 ye> 9 :i* ! individual's taxable ye>   
beg9s1 &  7,c7 an e/ate or tru/4  7#b7  
,applicable taxable ye> ,! t]m          
applicable taxable ye> means ! taxable  
ye> end+ 9 ! cal5d> ye> prec$+ ! date on
 :i* ! paym5t "u subsection 7a7 is      
treat$ z made4  7d7 ,o!r rules  7#a7    
,tim+ & mann] ( paym5ts  7,a7 ,tim+ ,!  
,secret>y %all1 subject to ! provisions 
( ?is title1 refund or cr$it any        
ov]paym5t attributable to ?is section z 

rapidly z possible4  7,b7 ,alt]nate     
in=mation  7i7 ,9 g5]al ,= purposes (   
disburs+ refunds payable "u ?is         
subsection to any eligible individual1  
if su* individual has n1 z ( any        
applicable date1 fil$ a tax return = !  
applicable taxable ye>1 ! ,secret>y     
%all-- 7,i7 use return in=mation )      
respect to su* individual = ! taxable   
ye> prec$+ su* applicable taxable ye>1  
or  7,,ii7 9 ! case ( an individual :o  
has n fil$ a tax return = ! applicable  
ye> or ! taxable ye> describ$ 9         
subclause 7,i71 use any applicable      
in=mation provid$ by any relevant ,f$]al
 & ,/ate ag5cies4  7ii7 ,coord9ation &  
notification  7,i7 ,9 g5]al ,= purposes 
( clause 7i77,,ii71 ! ,secret>y %all--  
7aa7 coord9ate ) ! heads ( relevant     
,f$]al & ,/ate ag5cies to receive       
applicable in=mation ) respect to any   
individuals :o may be eligible to       
receive a refund paym5t pursuant to ?is 
section1 &  7bb7 e/abli%1 9 su* =m &    
mann] z is deem$ appropriate by !       

,secret>y1 an alt]native me?od ( report+
 in=mation necess>y to det]m9e ! am\nt (
 any refund paym5ts = :i* su*           
individuals may be eligible1 includ+    
me?ods specifically design$ to id5tify &
 acc\nt = fo/] y\? & individuals        
exp]i5c+ homelessness4  7,c7 ,deliv]y ( 
paym5ts ,not)/&+ any o!r provision (    
law1 ! ,secret>y may c]tify & disburse  
refunds payable "u ?is subsection-- 7i7 
electronically to any acc\nt to :i* !   
payee au?oriz$1 on or aft] ,janu>y #a1  
#bjah1 ! deliv]y ( a refund ( taxes "u  
?is title or ( a ,f$]al paym5t 7z def9$ 
9 section #cccb ( title #ca1 ,unit$     
,/ates ,code71 or  7ii7 ?r\gh su* o!r   
means z are det]m9$ appropriate by !    
,secret>y1 includ+ ?r\gh ! use ( /or$   
value c>ds & onl9e paym5t sy/ems4  7,d7 
,waiv] ( c]ta9 rules ,not)/&+ section   
#ccbe ( title #ca1 ,unit$ ,/ates ,code1 
or any o!r provision ( law1 ) respect to
 any paym5t ( a refund "u ?is           
subsection1 a disburs+ (ficial 9 !      
executive bran* ( ! ,unit$ ,/ates       

,gov]nm5t may modify paym5t in=mation   
receiv$ f an (fic] or employee describ$ 
9 section #ccbe7;a77#a77;,b7 ( su* title
 = ! purpose ( facilitat+ ! accurate &  
effici5t deliv]y ( su* paym5t4 ,except 9
 cases ( fraud or reckless neglect1 no  
liability "u sections #ccbe1 #cebg1     
#cebh1 or #cebi ( title #ca1 ,unit$     
,/ates ,code1 %all be impos$ ) respect  
to paym5ts made "u ?is subp>agraph4     
7#b7 ,r$uction ( initial paym5t ,)      
respect to ! initial paym5t ( a refund  
to a taxpay] :i* is made "u ?is         
subsection1 su* paym5t %all be r$uc$ 7b 
n bel[ z]o7 by ! am\nt ( any refund or  
cr$it made or all[$ to su* taxpay]      
pursuant to subsection 7f7 ( section    
#fdbh4  7#c7 ,no int]e/ ,no int]e/ %all 
be all[$ on any ov]paym5t attributable  
to a paym5t deem$ made "u ?is section4  
7#d7 ,notice to taxpay] ,n lat] ?an #ae 
days aft] ! date on :i* ! ,secret>y     
di/ribut$ any paym5t to a taxpay]       
pursuant to ?is section1 notice %all be 
s5t by mail to su* taxpay]'s la/ kn[n   

address4 ,su* notice %all indicate !    
me?od by :i* su* paym5t 0 made1 ! am\nt 
( su* paym5t1 & a phone numb] = !       
appropriate po9t ( contact at ! ,int]nal
 ,rev5ue ,s]vice to report any failure  
to receive su* paym5t4  7e7 ,regulations
 ,! ,secret>y %all prescribe su*        
regulations or o!r guidance z may be    
necess>y to c>ry out ! purposes ( ?is   
section1 includ+ any su* measures z are 
deem$ appropriate to avoid all[+        
multiple paym5ts to a taxpay]4  4  7b7  
,additional rules  7#a7 ,treatm5t (     
possessions ,rules simil> to ! rules (  
subsection 7c7 ( section #bbja ( !      
,,c>es ,act 7,public ,law #aaf-acf7 %all
 apply = purposes ( section #fdbh;,a (  
su* ,code 7z add$ by subsection 7a774   
7#b7 ,exception f r$uction or (fset ,any
 cr$it or refund all[$ or made to any   
individual by reason ( section #fdbh;,a 
( ! ,int]nal ,rev5ue ,code ( #aihf 7z   
add$ by subsection 7a77 or by reason (  
p>agraph 7#a7 ( ?is subsection %all n   
be-- 7,a7 subject to r$uction or (fset  

pursuant to section #cgaf or #cgbj;,a ( 
title #ca1 ,unit$ ,/ates ,code2  7,b7   
subject to r$uction or (fset pursuant to
 subsection 7c71 7d71 7e71 or 7f7 (     
section #fdjb ( ! ,int]nal ,rev5ue ,code
 ( #aihf2 or  7,c7 r$uc$ or (fset by o!r
 assess$ ,f$]al taxes t w\ld o!rwise be 
subject to levy or collection4  7#c7    
,public aw>5ess campaign ,rules simil>  
to ! rules ( subsection 7e7 ( section   
#bbja ( ! ,,c>es ,act %all apply =      
purposes ( section #fdbh;,a ( su* ,code 
7z add$ by subsection 7a774  7#d7       
,prohibition on g>ni%m5t  7,a7          
,def9itions ,9 ?is p>agraph1 ! t]ms     
f9ancial in/itution1 freeze1 g>ni%1 &   
g>ni%m5t ord] h ! mean+s giv5 ! t]ms 9  
section #bab4c ( title #ca1 ,code (     
,f$]al ,regulations1 z 9 effect on !    
date ( enactm5t ( ?is ,act4  7,b7       
,prohibition ,no f9ancial in/itution may
 g>ni% or freeze any portion ( a refund 
made to any debtor by reason ( section  
#fdbh;,a ( ! ,int]nal ,rev5ue ,code (   
#aihf 7z add$ by subsection 7a77 or by  

reason ( p>agraph 7#a7 pursuant to a    
g>ni%m5t ord]4  7c7 ,appropriations ,to 
c>ry out rebates ,imm$iately ^u !       
enactm5t ( ?is ,act1 out ( any money 9 !
 ,treasury n o!rwise appropriat$1 !re   
%all be appropriat$ #bej1jjj1jjj to !   
,dep>tm5t ( ! ,treasury to c>ry out !   
purposes ( ?is section & section        
#fdbh;,a ( ! ,int]nal ,rev5ue ,code (   
#aihf1 to rema9 available until exp5d$4 
7d7 ,waiv] ( fees by insur$ depository  
in/itutions ,no insur$ depository       
in/itution1 z def9$ 9 section #c ( !    
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac71 may impose a fee on a 
p]son = ca%+ any *eck = a refund payable
 "u section #fdbh;,a ( ! ,int]nal       
,rev5ue ,code ( #aihf 7z add$ by        
subsection 7a77 or subsection 7b77#a74  
7e7 ,con=m+ am5dm5ts  7#a7 ,section     
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ & #fdbh 
& ins]t+ #fdbh1 & #fdbh;,a4  7#b7       
,p>agraph 7#b7 ( section #acbd7;b7 (    
title #ca1 ,unit$ ,/ates ,code1 is am5d$

 by ins]t+ 8#fdbh;,a10 aft] 8#fdbh104   
7#c7 ,! table ( sections = sub*apt] ,b (
 *apt] #fe ( subtitle ,f ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #fdbh !  
foll[+3  ,sec4 #fdbh;,a4 ,mon?ly rebates
 to individuals dur+ coronavirus p&emic4
  4