[Congressional Bills 114th Congress] [From the U.S. Government Publishing Office] [H.R. 4970 Introduced in House (IH)] <DOC> 114th CONGRESS 2d Session H. R. 4970 To amend the Internal Revenue Code of 1986 to restrict the use of prepaid debit cards in the issuance of tax refunds. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2016 Mr. Salmon introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to restrict the use of prepaid debit cards in the issuance of tax refunds. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Individual Refund Security Act''. SEC. 2. RESTRICTION ON USE OF PREPAID DEBIT CARDS IN ISSUING TAX REFUNDS. (a) In General.--Section 6402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(n) In General.--In the case of a refund of overpayment for any taxable year, such refund may be made to a prepaid debit card only if-- ``(1) the identity of the account holder has been verified by an officer or employee of the Department of the Treasury, and ``(2) such refund is made not earlier than the date which is 21 days after the date on which the return of tax for such taxable year is filed. The verification under paragraph (1) shall be conducted in the same manner as, prior to the date of the enactment of this subsection, employees of the Department of the Treasury verified the identity of account holders who there was reason to suspect had been the victim of identity theft.''. (b) Effective Date.--The amendment made by this section shall apply to refunds of overpayments with respect to taxable years beginning after December 31, 2016. <all>