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Bill > S3841
US S3841
US S3841A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes.
summary
Introduced
05/21/2020
05/21/2020
In Committee
05/21/2020
05/21/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes. This bill prohibits the attachment of a 2020 recovery rebate by legal process, including assignment, levy, or garnishment. A 2020 recovery rebate is a stimulus payment made to individual taxpayers and their dependents who have been affected by the COVID-19 (coronavirus disease 2019) pandemic.
AI Summary
This bill prohibits the attachment of 2020 recovery rebates, which are stimulus payments made to individual taxpayers and their dependents affected by the COVID-19 pandemic, through legal processes like assignment, levy, or garnishment. The bill requires the Treasury to encode the payments with a unique identifier to enable financial institutions to recognize them as protected payments. It also provides procedures for financial institutions to follow when receiving garnishment orders to ensure the protected payments are not seized. The bill aims to ensure that these critical economic relief funds reach the intended individuals and are not diverted by creditors or other entities.
Committee Categories
Budget and Finance
Sponsors (7)
Chuck Grassley (R)*,
Sherrod Brown (D),
Jack Reed (D),
Chuck Schumer (D),
Tim Scott (R),
Chris Van Hollen (D),
Ron Wyden (D),
Last Action
Ordered held at desk by unanimous consent. (on 07/23/2020)
Official Document
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