3.0.0 5058 2023-01-11T13:16:07Z 2023-01-11T13:16:07Z House H HR 2010-04-15 111 hswm00 Ways and Means Committee House Standing Referred to 2010-04-15T14:04:44Z Ponzi Scheme Victim's Bill of Rights Act of 2010 111 3166 S 2010-03-25 Read twice and referred to the Committee on Finance. Related bill CRS 2010-04-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-04-15 Introduced in House IntroReferral 1000 9 Library of Congress P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 N W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 2010-04-15 True R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2010-04-15 True M001161 Rep. Melancon, Charlie [D-LA-3] Charlie Melancon D LA 3 2010-04-20 False C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2010-04-26 False C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2010-05-11 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2010-05-11 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2010-05-18 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2010-05-25 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2010-06-22 False B001260 Rep. Buchanan, Vern [R-FL-13] Vern Buchanan R FL 13 2010-07-01 False M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2010-07-14 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2010-07-19 False C000556 Rep. Coble, Howard [R-NC-6] HOWARD COBLE R NC 6 2010-07-20 False B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2010-07-20 False B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2010-07-27 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2010-07-27 False M001154 Rep. Miller, Brad [D-NC-13] Brad Miller D NC 13 2010-07-27 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2010-07-29 False L000569 Rep. Luetkemeyer, Blaine [R-MO-9] Blaine Luetkemeyer R MO 9 2010-07-29 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2010-07-29 False T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2010-07-29 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2010-07-29 False S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2010-07-30 False G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2010-07-30 False K000366 Rep. Klein, Ron [D-FL-22] Ron Klein D FL 22 2010-07-30 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2010-08-10 False C001075 Rep. Cassidy, Bill [R-LA-6] Bill Cassidy R LA 6 2010-09-14 False M001174 Rep. McMahon, Michael E. [D-NY-13] Michael McMahon D NY E. 13 2010-09-14 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2010-09-14 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2010-09-14 False R000568 Rep. Rodriguez, Ciro D. [D-TX-23] CIRO RODRIGUEZ D TX D. 23 2010-09-14 False B001236 Rep. Boozman, John [R-AR-3] John Boozman R AR 3 2010-09-14 False S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2010-09-14 False G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2010-09-23 False R000583 Rep. Rooney, Thomas J. [R-FL-16] Thomas Rooney R FL J. 16 2010-09-23 False B001244 Rep. Bonner, Jo [R-AL-1] Jo Bonner R AL 1 2010-11-17 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2010-11-17 False Taxation Crime victims Employee benefits and pensions Financial services and investments Fraud offenses and financial crimes Income tax deductions Tax administration and collection, taxpayers Transfer and inheritance taxes Taxation 00 2010-04-15 Introduced in House 2011-05-02T18:47:40Z Ponzi Scheme Victims' Tax Relief Act of 2010 - Amends the Internal Revenue Code to allow: (1) a special theft loss tax deduction for qualified fraudulent investment losses and for such losses in connection with assets held in an individual retirement account (IRA); (2) a carryback of net operating losses which are qualified fraudulent investment losses for up to 10 years; (3) withdrawals from tax-exempt retirement plans for a 10-year period without penalty to replace qualified fraudulent investment losses; (4) catch-up contributions to retirement plans to compensate for fraudulent investment losses; and (5) an extension of the limitation period for filing refund claims for overpayments of tax in connection with gifts and bequests of an interest in an investment for which there is a qualified fraudulent investment loss.

Defines "qualified fraudulent investment loss" as a loss discovered in 2008 or 2009 resulting from a fraudulent arrangement in which a person receives cash or property from investors, purports to earn income for investors, reports partially or wholly fictitious income to such investors, makes payments to some investors from payments made by other investors, and appropriates some or all of the investors' cash or property.

]]> Ponzi Scheme Victims' Tax Relief Act of 2010 Display Title Ponzi Scheme Victims' Tax Relief Act of 2010 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide special rules for investments lost in a fraudulent Ponzi-type scheme. Introduced in House IH Short Titles as Introduced Ponzi Scheme Victims' Tax Relief Act of 2010 Introduced in House 2010-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5058ih/xml/BILLS-111hr5058ih.xml 2010-04-15 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.