Recovery of Stolen Checks Act

The Recovery of Stolen Checks Act (HR 1155) allows taxpayers who have lost or had a paper tax refund check stolen to choose receiving a replacement refund via direct deposit instead of a paper check. Taxpayers must make this election within six months of the law's enactment, and the Treasury Department will establish the required procedures. The bill amends the Internal Revenue Code to require the Secretary of the Treasury to create regulations for this process, directly affecting individuals eligible for a replacement paper check due to loss or theft. This change simplifies the replacement method without altering eligibility for refunds.