We have received text from S. 2449: Recovery of Stolen Checks Act. This bill was received on 2025-07-24, and currently has 9 cosponsors.
Here is a short summary of the bill:
This bill, titled the Recovery of Stolen Checks Act , proposes to amend the Internal Revenue Code to allow taxpayers to choose to receive replacement refunds electronically, rather than through paper checks. Here is a breakdown of the bill's main components:
Background
The current system allows taxpayers who have lost or had their tax refund checks stolen to receive a replacement check. However, this process can be slow and may lead to additional complications for those affected. This bill aims to streamline the refund process for these individuals.
Key Provisions
- Direct Deposit Option: The bill allows eligible taxpayers to elect to receive their replacement refunds via direct deposit instead of a paper check. This option would be available to those who have previously received a check that was lost or stolen.
- Deadline for Implementation: The Secretary of the Treasury is required to establish regulations for this electronic payment option within six months after the bill becomes law.
- Immediate Effect: The changes proposed by the bill would go into effect as soon as the bill is enacted into law.
Benefits of the Bill
By permitting the electronic transfer of replacement refunds, the bill aims to:
- Reduce processing time for taxpayers waiting for replacement refunds.
- Minimize the risk associated with lost or stolen checks.
- Enhance the overall efficiency of the tax refund process.
Implementation
The Secretary of the Treasury would oversee the implementation of the electronic option, ensuring that procedures are established to support taxpayers in making this election.
Conclusion
The act is designed to provide a more secure and efficient means for taxpayers affected by lost or stolen checks to receive their rightful refunds.
Relevant Companies
- None found
Senator Marsha Blackburn Bill Proposals
Here are some bills which have recently been proposed by Senator Marsha Blackburn:
- S.2574: A bill to prohibit certain persons from purchasing agricultural land in the United States, and for other purposes.
- S.2573: A bill to require the Comptroller General of the United States to conduct a study on the purchase of residential real estate in the United States by foreign individuals, entities, and governments, and for other purposes.
- S.2565: A bill to prohibit the District of Columbia government from entering into Sister City relationships with jurisdictions located in foreign adversary countries and for other purposes.
- S.2530: CREATE Act
- S.2516: A bill to prohibit the National Education Association from engaging in lobbying activities.
- S.2479: A bill to amend the charter of the Reserve Organization of the United States, and for other purposes.
You can track bills proposed by Senator Marsha Blackburn on Quiver Quantitative's politician page for Blackburn.
Senator Marsha Blackburn Net Worth
Quiver Quantitative estimates that Senator Marsha Blackburn is worth $1.4M, as of August 7th, 2025. This is the 262nd highest net worth in Congress, per our live estimates.
Blackburn has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Senator Marsha Blackburn's net worth on Quiver Quantitative's politician page for Blackburn.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
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