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HR 3139 107th Congress House

Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to provide for capital gains treatment for certain termination payments received by former insurance salesmen.

Introduced: June 12, 2002 See on congress.gov
Taxation Capital gains taxCommerceCompetitionContracts
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Finance and Financial SectorIncome taxInsurance agentsLabor and EmploymentPersonal income taxSeverance pay
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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
Oct 16, 2001
Referred to the House Committee on Ways and Means.
Oct 16, 2001
Sponsor introductory remarks on measure. (CR E1900-1901)
Oct 16, 2001
Introduced in House
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 Latest action October 16, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2001 - Amends the Internal Revenue Code to consider a qualified termination payment received from an insurance company by a former insurance salesman for such company as a sale or exchange of a capital asset held for more than 12 months.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
R
Wilson, Joe
South Carolina · Jun 12, 2002
KLECZKA, GERALD
· Oct 16, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3139: Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3139/
MLA
"H.R. 3139: Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3139/.
Bluebook (legal)
H.R. 3139, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3139/.
Markdown link
[H.R. 3139: Fair Tax Treatment for Insurance Agents' Termination Payments Act of 2001](https://openamerica.io/bill/107-HR-3139/)
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