HR 1048 · 109th Congress · Taxation

Direct Deposit Savings Act of 2005

Introduced 2005-03-02· Sponsored by Rep. Emanuel, Rahm [D-IL-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-03-02)

Plain Language Summary

[AI summary unavailable — showing source text] Direct Deposit Savings Act of 2005 - Amends the Internal Revenue Code to permit taxpayers to direct that any overpayment of taxes be: (1) refunded in part by check, draft, or similar paper instrument; (2) allocated in part among not more than four accounts; and (3) deposited by electronic fund transfer in the accounts to which allocated.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (15)

15 Democrats
Rep. Cooper, Jim [D-TN-5]TN
Rep. Miller, Brad [D-NC-13]NC
Rep. Scott, David [D-GA-13]GA
Rep. Hooley, Darlene [D-OR-5]OR
Rep. Capps, Lois [D-CA-23]CA
Rep. Schakowsky, Janice D. [D-IL-9]IL
Rep. Butterfield, G. K. [D-NC-1]NC
Rep. Cummings, Elijah E. [D-MD-7]MD
Rep. Harman, Jane [D-CA-36]CA
Rep. Ruppersberger, C. A. Dutch [D-MD-2]MD
Rep. Davis, Artur [D-AL-7]AL
Rep. Tierney, John F. [D-MA-6]MA
Rep. Lipinski, Daniel [D-IL-3]IL
Rep. Millender-McDonald, Juanita [D-CA-37]CA
Rep. Carnahan, Russ [D-MO-3]MO