,,ii  #aagth ,,congress  #ast ,session  
,s4 #hbc  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #ah1         
#bjba,mr4 ,brown 7for himself1 ,mr4     
,wyden1 ,mr4 ,menendez1 and ,mr4 ,van   
,hollen7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,american ,rescue ,plan ,act  
of #bjba to provide for protection of   
recovery rebates4  #a4 ,protection of   
#bjba recovery rebates  7a7 ,in general 
,subsection 7c7 of section #ifja of the 
,american ,rescue ,plan ,act of #bjba   
7,public ,law #aag-b7 is amended-- 7#a7 
in paragraph 7#b71 by striking          
subparagraphs 7,a7 and 7,b7 and         
inserting the following3  7,a7 subject  
to reduction or offset pursuant to      
section #cgaf or #cgbj;,a of title #ca1 
,united ,states ,code1 or similar       
authority permitting offset1  7,b7      
subject to reduction or offset pursuant 
to subsection 7c71 7d71 7e71 or 7f7 of  
section #fdjb of the ,internal ,revenue 

,code of #aihf1 or  7,c7 reduced or     
offset by other assessed ,federal taxes 
that would otherwise be subject to levy 
or collection4  1 and  7#b7 by adding at
 the end the following new paragraph3   
7#d7 ,assignment of benefits  7,a7 ,in  
general ,the right of any person to any 
applicable payment shall not be         
transferable or assignable1 at law or in
 equity1 and no applicable payment shall
 be subject to1 execution1 levy1        
attachment1 garnishment1 or other legal 
process1 or the operation of any        
bankruptcy or insolvency law4  7,b7     
,encoding of payments ,in the case of an
 applicable payment described in        
subparagraph 7,e77iii77,i7 that is      
certified for payment after the date of 
the enactment of this paragraph under   
section #cebh of title #ca1 ,united     
,states ,code1 and that is paid         
electronically by direct deposit through
 the ,automated ,clearing ,house 7,,ach7
 network1 the ,secretary of the         
,treasury 7or the ,secretary's delegate7

 shall-- 7i7 issue the payment using a  
unique identifier that is reasonably    
sufficient to allow a financial         
institution to identify the payment as  
an applicable payment1 and  7ii7 further
 encode the payment pursuant to the same
 specifications as required for a       
benefit payment defined in section      
#bab4c of title #ca1 ,code of ,federal  
,regulations4  7,c7 ,garnishment  7i7   
,encoded payments ,in the case of a     
garnishment order that applies to an    
account that has received an applicable 
payment that is encoded as provided in  
subparagraph 7,b71 a financial          
institution shall follow the            
requirements and procedures set forth in
 part #bab of title #ca1 ,code of       
,federal ,regulations1 except-- 7,i7    
notwithstanding section #bab4d of title 
#ca1 ,code of ,federal ,regulations 7and
 except as provided in subclause        
7,,ii771 a financial institution shall  
not fail to follow the procedures of    
sections #bab4e and #bab4f of such title

 with respect to a garnishment order    
merely because such order has attached1 
or includes1 a notice of right to       
garnish ,federal benefits issued by a   
,state child support enforcement agency1
 and  7,,ii7 a financial institution    
shall not1 with regard to any applicable
 payment1 be required to provide the    
notice referenced in sections #bab4f and
 #bab4g of title #ca1 ,code of ,federal 
,regulations4  7ii7 ,other payments ,in 
the case of a garnishment order 7other  
than an order that has been served by   
the ,united ,states7 that has been      
received by a financial institution and 
that applies to an account into which an
 applicable payment that has not been   
encoded as provided in subparagraph 7,b7
 has been deposited electronically on   
any date during the lookback period or  
into which an applicable payment that   
has been deposited by check on any date 
in the lookback period1 the financial   
institution1 upon the request of the    
account holder1 shall treat the amount  

of the funds in the account at the time 
of the request1 up to the amount of the 
applicable payment 7in addition to any  
amounts otherwise protected under part  
#bab of title #ca1 ,code of ,federal    
,regulations71 as exempt from a         
garnishment order without requiring the 
consent of the party serving the        
garnishment order or the judgment       
creditor4  7iii7 ,liability ,a financial
 institution that acts in good faith in 
reliance on clauses 7i7 or 7ii7 shall   
not be subject to liability or          
regulatory action under any ,federal or 
,state law1 regulation1 court or other  
order1 or regulatory interpretation for 
actions concerning any applicable       
payments4  7,d7 ,no reclamation rights  
,this paragraph shall not alter the     
status of applicable payments as tax    
refunds or other nonbenefit payments for
 purpose of any reclamation rights of   
the ,department of the ,treasury or the 
,internal ,revenue ,service as per part 
#baj of title #ca1 ,code of ,federal    

,regulations4  7,e7 ,definitions ,for   
purposes of this paragraph-- 7i7        
,account holder ,the term account holder
 means a natural person whose name      
appears in a financial institution's    
records as the direct or beneficial     
owner of an account4  7ii7 ,account     
review ,the term account review means   
the process of examining deposits in an 
account to determine if an applicable   
payment has been deposited into the     
account during the lookback period4 ,the
 financial institution shall perform the
 account review following the procedures
 outlined in section #bab4e of title    
#ca1 ,code of ,federal ,regulations and 
in accordance with the requirements of  
section #bab4f of title #ca1 ,code of   
,federal ,regulations4  7iii7           
,applicable payment ,the term applicable
 payment means-- 7,i7 any advance refund
 amount paid pursuant to section        
#fdbh;,b7g7 of the ,internal ,revenue   
,code of #aihf1  7,,ii7 any payment made
 by a possession of the ,united ,states 

with a mirror code tax system 7as       
defined in subsection 7b7 of this       
section7 pursuant to such subsection    
which corresponds to a payment described
 in subclause 7,i71 and  7,,iii7 any    
payment made by a possession of the     
,united ,states without a mirror code   
tax system 7as so defined7 pursuant to  
subsection 7b7 of this section4  7iv7   
,garnishment ,the term garnishment means
 execution1 levy1 attachment1           
garnishment1 or other legal process4    
7v7 ,garnishment order ,the term        
garnishment order means a writ1 order1  
notice1 summons1 judgment1 levy1 or     
similar written instruction issued by a 
court1 a ,state or ,state agency1 a     
municipality or municipal corporation1  
or a ,state child support enforcement   
agency1 including a lien arising by     
operation of law for overdue child      
support or an order to freeze the assets
 in an account1 to effect a garnishment 
against a debtor4  7vi7 ,lookback period
 ,the term lookback period means the    

two-month period that begins on the date
 preceding the date of account review   
and ends on the corresponding date of   
the month two months earlier1 or on the 
last date of the month two months       
earlier if the corresponding date does  
not exist4  4  7b7 ,effective date ,the 
amendment made by this section shall    
take effect on the date of the enactment
 of this ,act4