Bill > HR6699

This bill, the "End Double Taxation of Successful Consumer Claims Act," aims to amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs incurred in connection with successful consumer claim awards. The bill defines a "consumer protection violation" broadly to include various federal laws and regulations related to consumer protection, such as the Truth in Lending Act, the Fair Credit Reporting Act, and the Consumer Product Safety Act, among others. The amendments made by this bill 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.