1. Short title This Act may be cited as the Tax Refund Responsibility Act . 2. Findings Congress finds as follows: (1) For nearly two decades, the Government of Guam has been unable to set aside money to pay for income tax refunds and instead has relied on accumulated deficits and subsequent borrowing on the bond market, amassing close to half a billion dollars of debt, to pay accrued income tax refund payments owed to its taxpayers. (2) The enactment of an amendment to the Organic Act of Guam requiring that the Government of Guam deposit tax collections in the Income Tax Refund Efficient Payment Trust fund, as created by Guam Public Law 26–74 , would prevent further unbalanced budgeting, deficit spending, chronic borrowing, and future burdens on the taxpayers of Guam. 3. Timely refunds of overpayment of Guam Territorial Income Tax Section 31 of the Organic Act of Guam ( 48 U.S.C. 1421i ) is amended by adding at the end the following: (i) The Governor of Guam shall ensure that— (1) each form filed by a person or entity for a refund of overpayment of the Guam Territorial Income Tax is processed by the Government of Guam not later than 90 days after such form was filed