Recovery of Stolen Checks Act

This bill, called the Recovery of Stolen Checks Act, lets people whose federal tax refund check was lost or stolen choose to get the replacement by direct deposit instead of waiting for another paper check. The Treasury Department must set up the process for this choice. This aims to get rightful refunds to people faster and more safely.

Key points:

• Who is affected: Taxpayers who are eligible for a replacement of a lost or stolen federal tax refund check.
• What changes: You can elect to receive the replacement refund by direct deposit rather than a paper check.
• When: The change takes effect upon enactment, and Treasury must set up the procedures within 6 months.