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United States · Bill · HR

H.R. 5340 (108th)

Taxpayer Abuse Prevention Act

referredUnited States· United States Congress· EN

Introduced

8 October 2004

Last action

3 November 2004 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit, for a period to be subsequently determined by the Chairman.

Sponsors

Rep. Schakowsky, Janice D. [D-IL-9]

Subjects

Taxation

Source updated

18 August 2025

Taxation

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 October 2004

    Introduced

    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.

    Source: IntroReferral

  2. 8 October 2004

    Introduced

    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.

    Source: IntroReferral

  3. 8 October 2004

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 October 2004

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 3 November 2004

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit, for a period to be subsequently determined by the Chairman.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 8 October 2004

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 8 October 2004

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 8 October 2004

    Open at official source

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Sponsors

Related records

Sources

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