3.0.0 4324 2023-01-11T13:26:48Z 2023-01-11T13:26:48Z House H HR 2014-03-27 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARTWRIGHT:H.R. 4324.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe power of Congress to make all laws which shall benecessary and proper for carrying into execution theforegoing powers, and all other powers vested by thisConstitution in the government of the United States, or inany department or officer thereof, as enumerated in ArticleI, Section 8, Clause 18 of the United States Constitution.[Page H2745]]]> hsba00 Financial Services Committee House Standing Referred to 2014-03-27T13:01:00Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2014-03-27T13:00:53Z Truth in Settlements Act of 2014 113 1898 S 2014-09-18 By Senator Carper from Committee on Homeland Security and Governmental Affairs filed written report. Report No. 113-259. Identical bill CRS 2014-03-27 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-03-27 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2014-03-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-03-27 Introduced in House IntroReferral 1000 9 Library of Congress C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 N N000185 Rep. Nugent, Richard B. [R-FL-11] Richard Nugent R FL B. 11 2014-03-27 True L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2014-03-27 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2014-03-27 True L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2014-03-27 True E000292 Rep. Enyart, William L. [D-IL-12] William Enyart D IL L. 12 2014-03-27 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2014-07-09 False M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2014-07-09 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2014-09-17 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2014-09-17 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2014-12-09 False Government Operations and Politics Civil actions and liability Congressional oversight Government information and archives Income tax deductions Securities Government Operations and Politics 00 2014-03-27 Introduced in House 2014-07-17T21:24:34Z Truth in Settlements Act of 2014 - Sets forth new requirements for the public disclosure of any covered settlement agreement entered into by a federal executive agency.  Defines "covered settlement agreement" as a settlement agreement (including a consent decree) that: (1) is entered into by an executive agency, (2) relates to an alleged violation of federal civil or criminal law, and (3) requires the payment of not less than $1 million by one or more non-federal persons (entities not within the federal government).

Requires the head of each executive agency to make publicly available on the agency website a list of each covered settlement agreement entered into by the agency, which shall include: (1) the names of the parties to the settlement agreement and the date of such agreement; (2) a description of the claims that were settled under the agreement; (3) the amount each party to the agreement is obligated to pay under the terms of the agreement and the total amounts required to be paid; and (4) for each settling party, the amount the settling party is obligated to pay that has been designated as a civil penalty or fine. Requires: (1) such information to remain publicly available for five years after the date of the agreement, and (2) a copy of a covered settlement agreement to remain publicly available until at least one year after the date of the agreement, or until five years after such date for an agreement under which a non-federal person is required to pay not less than $50 million.

Limits the disclosure of provisions of a covered settlement agreement that are subject to a confidentiality agreement.

Requires the issuer of securities subject to reporting requirements under the Securities Exchange Act of 1934 to describe in required reports any claim of a tax deduction relating to a payment under a covered settlement agreement.

]]> Truth in Settlements Act of 2014 Display Title Truth in Settlements Act of 2014 Official Title as Introduced To require adequate information regarding the tax treatment of payments under settlement agreements entered into by Federal agencies, and for other purposes. Introduced in House IH Short Titles as Introduced Truth in Settlements Act of 2014 Introduced in House 2014-03-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4324ih/xml/BILLS-113hr4324ih.xml 2014-03-27 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.