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HR 1048 109th Congress House Taxation Bank accounts Checks Crime and Law Enforcement Electronic funds transfers Finance and Financial Sector Income tax Individual retirement accounts Labor and Employment Science, Technology, Communications Tax refunds

Direct Deposit Savings Act of 2005

Introduced: March 2, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2005
Referred to the House Committee on Ways and Means.
Mar 2, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now March 2, 2005

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schakowsky, Janice D.
Illinois · Apr 5, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1048: Direct Deposit Savings Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1048/
MLA
"H.R. 1048: Direct Deposit Savings Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1048/.
Bluebook (legal)
H.R. 1048, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1048/.
Markdown link
[H.R. 1048: Direct Deposit Savings Act of 2005](https://openamerica.io/bill/109-HR-1048/)
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