This Act may be cited as the Recovery of Stolen Checks Act.

(a) In general Section 6402 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o) Election to receive certain replacement refunds by direct deposit Not later than the date which is 6 months after the date of the enactment of this subsection, the Secretary shall prescribe regulations to establish procedures to allow for taxpayers, which are otherwise eligible to receive an amount by paper check in replacement of a lost or stolen paper check which was previously sent by the Secretary as a refund of an overpayment of tax, to elect to receive such amount by direct deposit in lieu of receiving such replacement paper check.. (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act.