3.0.0 4463 2023-01-11T13:26:39Z 2023-01-11T13:26:39Z House H HR 2014-04-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BONAMICI:H.R. 4463.Congress has the power to enact this legislation pursuantto the following:Art. I, Sec. 8, Cl. 1Amdt. XVI[Page H3198]]]> hsba00 Financial Services Committee House Standing Referred to 2014-04-10T13:05:05Z hswm00 Ways and Means Committee House Standing Referred to 2014-04-10T13:05:00Z 2014-04-10 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-04-10 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-10 Introduced in House IntroReferral 1000 9 Library of Congress B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 N Taxation Administrative law and regulatory procedures Consumer Financial Protection Bureau Consumer affairs Consumer credit Licensing and registrations Tax administration and collection, taxpayers User charges and fees Taxation 00 2014-04-10 Introduced in House 2014-06-19T21:26:17Z Tax Refund Protection Act of 2014 - Amends the Consumer Financial Protection Act of 2010 to require the Consumer Financial Protection Bureau (CFPB) to: (1) regulate refund anticipation payment arrangements, (2) establish a licensing or certification program governing tax return preparers subject to this Act, (3) regulate such preparers, and (4) require applicants to demonstrate qualifications and competency to perform tax return preparation sevices.

Authorizes the CFPB to impose a licensing or certification fee.

Directs the CFPB to require such preparers to make prescribed disclosures to a consumer, including: (1) a fee schedule for preparing or filing a federal income tax return, or executing a refund anticipation payment arrangement; and (2) the consumer's responsibility to pay any fees and interest associated with a refund anticipation payment arrangement even if the consumer does not receive a tax refund or the refund's amount is less than anticipated under the arrangement.

Empowers the CFPB to take enforcement action against a preparer for specified violations.

Amends the Internal Revenue Code to permit a federal income tax refund, on taxpayer request, to be split between the taxpayer and the preparer. Prohibits treatment of such a split as disreputable conduct merely because the taxpayer requested the split.

]]> Tax Refund Protection Act of 2014 Display Title Tax Refund Protection Act of 2014 Official Title as Introduced To amend the Consumer Financial Protection Act of 2010 to regulate tax return preparers and refund anticipation payment arrangements, and for other purposes. Introduced in House IH Short Titles as Introduced Tax Refund Protection Act of 2014 Introduced in House 2014-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4463ih/xml/BILLS-113hr4463ih.xml 2014-04-10 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.