SEC. 4. PROHIBITION OF MANDATORY ARBITRATION. 
(a) IN GENERAL.—Any person that provides a loan 
to a taxpayer that is linked to or in anticipation of a Fed-
eral tax refund for the taxpayer may not include manda-
tory arbitration of disputes as a condition for providing 
such a loan. 
(b) EFFECTIVE DATE.—This section shall apply to 
loans made after the date of the enactment of this Act. 
SEC. 5. TERMINATION OF DEBT INDICATOR PROGRAM. 
The Secretary of the Treasury shall terminate the 
Debt Indicator program announced in Internal Revenue 
Service Notice 99–58. 
SEC. 6. EXPANSION OF ELIGIBILITY FOR ELECTRONIC 
TRANSFER ACCOUNTS. 
(a) IN GENERAL.—The last sentence of section 
3332(j) of title 31, United States Code, is amended by 
inserting ‘‘other than any payment under section 32 of 
such Code’’ after ‘‘1986’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to payments made after the date 
of the enactment of this Act. 
SEC. 7. PROGRAM TO ENCOURAGE THE USE OF THE AD-
VANCE EARNED INCOME TAX CREDIT. 
(a) IN GENERAL.—Not later than 6 months after the 
date of the enactment of this Act, the Secretary of the 
Treasury shall, after consultation with such private, non-
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profit, and governmental entities as the Secretary deter-
mines appropriate, develop and implement a program to 
encourage the greater utilization of the advance earned in-
come tax credit. 
(b) REPORTS.—Not later than the date of the imple-
mentation of the program described in subsection (a), and 
annually thereafter, the Secretary of the Treasury shall 
report to the Committee on Finance of the Senate and 
the Committee on Ways and Means of the House of Rep-
resentatives on the elements of such program and progress 
achieved under such program. 
(c) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated such sums as are necessary 
to carry out the program described in this section. Any 
sums so appropriated shall remain available until ex-
pended. 
SEC. 8. PROGRAM TO LINK TAXPAYERS WITH DIRECT DE-
POSIT ACCOUNTS AT FEDERALLY INSURED 
DEPOSITORY INSTITUTIONS. 
(a) ESTABLISHMENT OF PROGRAM.—Not later than 
1 year after the date of the enactment of this Act, the 
Secretary of the Treasury shall enter into cooperative 
agreements with federally insured depository institutions 
to provide low- and moderate-income taxpayers with the 
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option of establishing low-cost direct deposit accounts 
through the use of appropriate tax forms. 
(b) FEDERALLY INSURED DEPOSITORY INSTITU-
TION.—For purposes of this section, the term ‘‘federally 
insured depository institution’’ means any insured deposi-
tory institution (as defined in section 3 of the Federal De-
posit Insurance Act (12 U.S.C. 1813)) and any insured 
credit union (as defined in section 101 of the Federal 
Credit Union Act (12 U.S.C. 1752)). 
(c) OPERATION OF PROGRAM.—In providing for the 
operation of the program described in subsection (a), the 
Secretary of the Treasury is authorized— 
(1) to consult with such private and nonprofit 
organizations and Federal, State, and local agencies 
as determined appropriate by the Secretary, and 
(2) to promulgate such regulations as necessary 
to administer such program. 
(d) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated such sums as are necessary 
to carry out the program described in this section. Any 
sums so appropriated shall remain available until ex-
pended. 
Æ 
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