Bill > HR1155

This bill amends the Internal Revenue Code of 1986 to allow taxpayers who have had their tax refund checks lost or stolen to elect to receive replacement refunds electronically through direct deposit instead of receiving a new paper check. Specifically, the bill requires the Secretary of the Treasury to establish regulations within six months of the bill's enactment that will create a process for taxpayers to choose electronic deposit for replacement refunds. The provision applies to cases where the original paper check issued as a tax refund was lost or stolen. The bill aims to provide a more secure and convenient method for taxpayers to receive their replacement tax refunds, reducing the risk associated with paper checks and potentially expediting the receipt of funds. The amendment will take effect on the date of the bill's enactment, which is anticipated to be in 2025.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1155/all-info