Neal, Lewis Request Weekly Updates on Economic Impact Payments
Neal, Lewis Request Weekly Updates on Economic Impact Payments
- AuthorsNeal, Rep. Richard E.Lewis, Rep. John
- Institutional AuthorsU.S. House of RepresentativesU.S. House Ways and Means Committee
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2020-20513
- Tax Analysts Electronic Citation2020 TNTF 104-15
May 28, 2020
The Honorable Steven T. Mnuchin
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, D.C. 20220
The Honorable Charles P. Rettig
Commissioner
Internal Revenue Service
1111 Constitution Avenue, NW
Washington, D.C. 20224
Dear Secretary Mnuchin and Commissioner Rettig,
We write to request regular reporting from the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) on the schedule for making economic impact payments (EIPs) authorized under the Coronavirus Aid, Relief, and Economic Security Act.
The Committee on Ways and Means (Committee) sincerely appreciates the hard work of Treasury and IRS employees during this crisis to ensure that Americans receive the emergency assistance that they were promised. These employees are working in difficult times, and we are grateful for their dedicated service.
Despite this hard work, we understand that many individuals have not yet received their EIPs. These individuals are eager to receive financial assistance, and the Committee continues to receive daily questions related to the payment of EIPs.
To ensure that the Committee provides accurate, up-to-date information, we reiterate the Committee's earlier request for weekly reports on Treasury's payment activity until all payments have been made. We are aware that the IRS sends payment information to Treasury's Bureau of the Fiscal Service (BFS) weekly, typically on Thursdays, for payments that Americans will receive the following week. Accordingly, the Committee requests a report by 3 p.m. each Friday concerning the payment information sent by the IRS to BFS that week.
For each week, please include the following information:
1. The total number of EIPs and total dollar amount sent to BFS for payment the following week;
2. The number of EIPs by paper check, the date of mailing, and total dollar amount;
3. The number of EIPs by debit card, the date of mailing, and total dollar amount;
4. The number of EIPs by electronic payment, the date the banks will receive the deposit for posting in taxpayer accounts, and total dollar amount;
5. For electronic payments, please provide the number by direct deposit or Direct Express separately, and the total dollar amount for each method;
6. A description of the taxpayers who were covered in the total number of payments sent by the IRS to BFS that week;
7. The number of payments returned to Treasury, and the total dollar amount of such payments by payment type, for the week ending the immediate Thursday before the Friday report;
8. The total number of letters mailed out to taxpayers during the week ending the immediate Thursday before the Friday report; and
9. A running total, from the start of the program, of the number of EIPs issued and the total dollar amount paid (net of returned amounts), broken out by week and by payment method.
Given that the Committee first requested weekly reports at the end of April, please provide the requested information by Friday, May 29, 2020 and on a weekly basis until all payments have been made. Thank you, in advance, for your prompt attention to this matter.
Sincerely,
Richard E. Neal
Chairman
Committee on Ways & Means
United States House of Representatives
The Honorable John Lewis, Chairman
Subcommittee on Oversight
- AuthorsNeal, Rep. Richard E.Lewis, Rep. John
- Institutional AuthorsU.S. House of RepresentativesU.S. House Ways and Means Committee
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2020-20513
- Tax Analysts Electronic Citation2020 TNTF 104-15
