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- S.3166
S.3166: Ponzi Scheme Victim's Bill of Rights Act of 2010
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced March 25, 2010
- Latest Major Action March 25, 2010
Bill Sponsor
Bill Cosponsors
20 (11 Democrats, 1 Independent Democrat, 8 Republicans)
Bill Summary
Ponzi Scheme Victim's Bill of Rights Act of 2010 - Amends the Internal Revenue Code to allow: (1) a special tax deduction for qualified fraudulent investment losses held in an individual retirement account (IRA); (2) a six-year carryback of net operating losses which are qualified fraudulent investment losses; (3) withdrawals from tax-exempt retirement plans for a 10-year period without penalty to replace qualified fraudulent investment...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| March 25, 2010 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |