Recovery of Stolen Checks Act

This bill (S 2449, "Recovery of Stolen Checks Act") allows taxpayers who have had paper tax refunds lost or stolen to elect receiving replacement refunds via direct deposit instead of a paper check. It amends the Internal Revenue Code to require the IRS to establish regulations within six months enabling this election process for eligible taxpayers. The key provision creates a new option for individuals needing replacement refunds for lost or stolen paper checks, shifting the method from physical mail to direct deposit. This directly affects taxpayers who previously received paper refunds but now face loss or theft. The bill focuses on streamlining the replacement process without changing tax rates or eligibility.