3.0.0 1159 2018-11-08T23:28:21Z 2018-11-08T23:28:21Z House H HR 2009-02-24 111 hswm00 Ways and Means Committee House Standing Referred to 2009-02-24T15:30:44Z 111 1389 HR 2009-03-09 Referred to the House Committee on Ways and Means. Related bill CRS 2009-02-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-02-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-24 Introduced in House IntroReferral 1000 9 Library of Congress M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 N N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2009-03-16 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2009-03-16 False W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2009-04-23 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2009-05-21 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2009-07-10 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2009-10-26 False C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2009-10-26 False B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2009-11-05 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2009-11-16 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2010-01-26 False K000366 Rep. Klein, Ron [D-FL-22] Ron Klein D FL 22 2010-07-30 False Taxation Financial services and investments Fraud offenses and financial crimes Income tax deductions Social work, volunteer service, charitable organizations Transfer and inheritance taxes Taxation

00 2009-02-24 Introduced in House 2009-04-03T19:11:43Z Amends the Internal Revenue Code to: (1) allow an enhanced tax deduction for losses sustained from a fraudulent Ponzi-type scheme; (2) extend the carryback period for net operating losses attributable to such schemes; (3) waive certain limitations on the charitable tax deduction for contributions to charities with losses from fraudulent Ponzi-type schemes; and (4) restore the gift tax unified credit for gifts of an interest in a fraudulent Ponzi-type scheme. Defines "fraudulent Ponzi-type scheme" as any fraudulent investment operation that provides investors with returns that are derived substantially from investments made by other investors rather than from profits.

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Display Title Official Title as Introduced Introduced in House 2009-02-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1159ih/xml/BILLS-111hr1159ih.xml 2009-02-24 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.