3.0.0 324 2022-02-03T05:25:28Z 2022-02-03T05:25:28Z Senate S S 2005-02-09 109 ssfi00 Finance Committee Senate Standing Referred to 2005-02-09T15:33:07Z Taxpayer Abuse Prevention Act 109 969 HR 2005-03-22 Referred to the Subcommittee on Financial Institutions and Consumer Credit. Related bill CRS 2006-02-28 Sponsor introductory remarks on measure. (CR S1530-1531) IntroReferral B00100 9 Library of Congress 2005-02-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1200-1201) IntroReferral 2005-02-09 Sponsor introductory remarks on measure. (CR S1199-1200) IntroReferral B00100 9 Library of Congress 2005-02-09 Introduced in Senate IntroReferral 10000 9 Library of Congress A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA N B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2005-02-09 True S000064 Sen. Sarbanes, Paul S. [D-MD] PAUL SARBANES D MD SPYROS 2005-02-09 True D000596 Sen. Dayton, Mark [D-MN] MARK DAYTON D MN 2005-02-09 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2005-02-09 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2005-04-04 False Taxation Bank accounts Collection of accounts Commerce Commercial arbitration Congress Congressional reporting requirements Debtor and creditor Earned income tax credit Electronic benefits transfers Electronic data interchange Finance and Financial Sector Garnishment Government Operations and Politics Government publicity Income tax Law Loans Science, Technology, Communications Social Welfare Tax refunds Tax returns Taxation 00 2005-02-09 Introduced in Senate 2005-02-28T20:27:04Z Taxpayer Abuse Prevention Act - Amends the Internal Revenue Code to provide that advance payments of the earned income tax credit are not transferable or assignable or subject to the claims of any creditors, except outstanding claims of the Federal Government.

Prohibits: (1) the collection of a debt from a debtor's Federal tax refund by means of a refund anticipation loan; and (2) mandatory arbitration as a condition of providing a refund anticipation loan.

Terminates the Department of Treasury Debt Indicator Program.

Excludes tax returns that have been filed subject to a refund anticipation loan from any determination of whether goals for electronic filing of tax returns have been met.

Allows earned income tax credit benefits to be paid through electronic transfer accounts.

Directs the Secretary of the Treasury to: (1) develop and implement a program to encourage the greater use of the advance earned income tax credit; and (2) enter into cooperative agreements with federally insured depository institutions to provide low- and moderate-income taxpayers with the option of establishing low-cost direct deposit accounts using appropriate tax forms.

]]> Taxpayer Abuse Prevention Act Short Titles as Introduced Taxpayer Abuse Prevention Act Display Title Taxpayer Abuse Prevention Act Official Title as Introduced A bill to provide additional protections for recipients of the earned income tax credit. Introduced in Senate 2005-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s324is/xml/BILLS-109s324is.xml 2006-02-28 Sponsor introductory remarks on measure. (CR S1530-1531) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.