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- S.413
S.413: Government Settlement Transparency and Reform Act
About This Bill
- Introduced Feb. 9, 2015
- Latest Major Action Feb. 9, 2015
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Government Settlement Transparency and Reform Act Amends the Internal Revenue Code to expand provisions relating to the nondeductibility of fines and penalties to prohibit a tax deduction for any amount paid or incurred to any governmental entity relating to the violation of any law or the investigation or inquiry into a potential violation of law. Exempts from such prohibition: (1) restitution or amounts paid to come into compliance with...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 9, 2015 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S860)
|
| Feb. 9, 2015 |
Introduced in the Senate by Jack Reed (D-R.I.) |