US Congress House Bill 5693 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on July 1 2010 - 25% progression, died in committee
Action: 2010-07-01 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Taxpayer Abuse Prevention Act - Amends the Internal Revenue Code to provide that advance payments of the earned income tax credit and the child 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 the Treasury Debt Indicator Program. 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

Rep. Keith Ellison [D-MN]	Rep. Bob Filner [D-CA]	Rep. Raul Grijalva [D-AZ]	Rep. Michael Honda [D-CA]
Rep. Eddie Johnson [D-TX]	Rep. Barbara Lee [D-CA]	Rep. Eleanor Norton [D-DC]	Rep. Janice Schakowsky [D-IL]
Rep. Jose Serrano [D-NY]	Rep. Fortney Stark [D-CA]	Rep. Bennie Thompson [D-MS]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2010-07-01		Referred to House Financial Services
2010-07-01		Referred to House Ways and Means
2010-07-01		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.

SB585 (Related) 2009-03-12 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3078-3079)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/5693/all-info
Text	https://www.congress.gov/111/bills/hr5693/BILLS-111hr5693ih.pdf