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HR 1412 107th Congress House

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

Introduced: June 28, 2001 See on congress.gov
Taxation AsbestosBusiness income taxBusiness lossesCommerce
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Corporate financeCorporation taxesEnvironmental ProtectionIncome taxLawProducts liabilityTax deductionsTax exemption
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2001
Sponsor introductory remarks on measure. (CR E564)
Apr 4, 2001
Referred to the House Committee on Ways and Means.
Apr 4, 2001
Introduced in House
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 Latest action April 5, 2001

Sponsor introductory remarks on measure. (CR E564)

 Plain-English summary Congressional Research Service
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.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 25
All 25 Democratic 7 Republican 5
R
Wilson, Joe
South Carolina · Jan 24, 2002
LAMPSON, NICK
· Oct 2, 2001
BALLENGER, CASS
· Jul 24, 2001
Burr, Richard
· Jul 24, 2001
 R
Calvert, Ken
California · Jul 24, 2001
 D
Clyburn, James E.
South Carolina · Jul 24, 2001
 R
Rogers, Harold
Kentucky · Jul 24, 2001
 D
Schakowsky, Janice D.
Illinois · Jun 28, 2001
 D
Thompson, Bennie G.
Mississippi · Jun 28, 2001
OSE, DOUG
· May 21, 2001
DeMint, James
· Apr 26, 2001
FROST, MARTIN
· Apr 26, 2001
COMBEST, LARRY
· Apr 4, 2001
CRANE, PHILIP
· Apr 4, 2001
 D
Davis, Danny K.
Illinois · Apr 4, 2001
DUNN, JENNIFER
· Apr 4, 2001
 R
Graham, Lindsey
South Carolina · Apr 4, 2001
HOUGHTON, AMO
· Apr 4, 2001
Isakson, Johnny
· Apr 4, 2001
 D
Kaptur, Marcy
Ohio · Apr 4, 2001
KLECZKA, GERALD
· Apr 4, 2001
 D
Scott, Robert C. "Bobby"
Virginia · Apr 4, 2001
 R
Sessions, Pete
Texas · Apr 4, 2001
 D
Thompson, Mike
California · Apr 4, 2001
Vitter, David
· Apr 4, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1412: To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1412/
MLA
"H.R. 1412: To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1412/.
Bluebook (legal)
H.R. 1412, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1412/.
Markdown link
[H.R. 1412: To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.](https://openamerica.io/bill/107-HR-1412/)
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