Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.3897
H.R.3897: To amend the Internal Revenue Code of 1986 to strengthen the rules for approved structured settlement factoring transactions.
About This Bill
- Introduced Jan. 16, 2014
- Latest Major Action Jan. 16, 2014
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Summary
Amends the Internal Revenue Code, with respect to the tax exemption for structured settlement factoring transactions (i.e., transfers of the right to receive periodic payments under a settlement of a legal claim for damages in exchange for a lump sum payment) to require that court orders approving such transfers include additional requirements, including that: (1) the annual discount rate of the consideration for a transfer does not exceed the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 16, 2014 |
Referred to the House Committee on Ways and Means.
|
| Jan. 16, 2014 |
Introduced in the House by Matt Cartwright (D-Pa.) |