summary
Introduced
07/16/2021
07/16/2021
In Committee
07/16/2021
07/16/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs in connection with consumer claim awards.
AI Summary
This bill, the "End Double Taxation of Successful Consumer Claims Act", aims to allow an above-the-line deduction for attorney fees and costs incurred in connection with consumer claim awards. Specifically, it amends the Internal Revenue Code to define a "consumer protection violation" as any unlawful act under various federal laws, such as the Truth in Lending Act, the Fair Credit Reporting Act, and the Consumer Product Safety Act. This deduction would apply to attorney fees and court costs paid during taxable years ending after the date of the bill's enactment, with respect to any judgment or settlement occurring during such taxable years.
Committee Categories
Budget and Finance
Sponsors (61)
Steven Horsford (D)*,
Alma Adams (D),
Pete Aguilar (D),
Jake Auchincloss (D),
Nanette Barragán (D),
Don Beyer (D),
Sanford Bishop (D),
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Suzanne Bonamici (D),
Brendan Boyle (D),
Salud Carbajal (D),
Tony Cárdenas (D),
Troy Carter (D),
Kathy Castor (D),
Judy Chu (D),
Yvette Clarke (D),
Angie Craig (D),
Danny Davis (D),
Suzan DelBene (D),
Lloyd Doggett (D),
Adriano Espaillat (D),
Dwight Evans (D),
Ruben Gallego (D),
Chuy García (D),
Jimmy Gomez (D),
Vicente Gonzalez (D),
Pramila Jayapal (D),
Hank Johnson (D),
Mondaire Jones (D),
Dan Kildee (D),
Brenda Lawrence (D),
Ted Lieu (D),
Carolyn Maloney (D),
Gregory Meeks (D),
Kweisi Mfume (D),
Grace Napolitano (D),
Joe Neguse (D),
Ilhan Omar (D),
Jimmy Panetta (D),
Bill Pascrell (D),
Donald Payne (D),
Stacey Plaskett (D),
Katie Porter (D),
Jamie Raskin (D),
Deborah Ross (D),
Lucille Roybal-Allard (D),
Bobby Rush (D),
Linda Sánchez (D),
Jan Schakowsky (D),
Brad Schneider (D),
Terri Sewell (D),
Darren Soto (D),
Marilyn Strickland (D),
Tom Suozzi (D),
Dina Titus (D),
Lori Trahan (D),
Juan Vargas (D),
Marc Veasey (D),
Bonnie Watson Coleman (D),
Nikema Williams (D),
Last Action
Referred to the House Committee on Ways and Means. (on 07/16/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4457/all-info | 07/17/2021 |
| BillText | https://www.congress.gov/117/bills/hr4457/BILLS-117hr4457ih.pdf | 08/02/2021 |
| Bill | https://www.congress.gov/117/bills/hr4457/BILLS-117hr4457ih.pdf.pdf | 08/02/2021 |
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