HR 1412 · 107th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.

Introduced 2001-04-04· Sponsored by Rep. Collins, Mac [R-GA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E564)(2001-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends Internal Revenue Code provisions concerning designated settlement funds to exempt from tax any designated settlement fund established for the principal purpose of resolving and satisfying present and future claims relating to asbestos. Sets forth special rules concerning asbestos liability losses.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

8 Democrats12 Republicans
Rep. Lewis, John [D-GA-5]GA
Rep. Hyde, Henry J. [R-IL-6]IL
Rep. Conyers, John, Jr. [D-MI-14]MI
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Barr, Bob [R-GA-7]GA
Rep. Becerra, Xavier [D-CA-30]CA
Rep. Berman, Howard L. [D-CA-26]CA
Rep. Blunt, Roy [R-MO-7]MO
Rep. Boehner, John A. [R-OH-8]OH
Rep. Boucher, Rick [D-VA-9]VA
Rep. Camp, Dave [R-MI-4]MI
Rep. Cardin, Benjamin L. [D-MD-3]MD
Rep. Combest, Larry [R-TX-19]TX
Rep. Condit, Gary A. [D-CA-18]CA
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Deal, Nathan [R-GA-9]GA
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Dunn, Jennifer [R-WA-8]WA