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S 936 108th Congress Senate

Government Settlement Transparency Act of 2003

Official title: A bill to amend the Internal Revenue Code of 1986 to deny any deduction for certain fines, penalties, and other amounts.

Introduced: April 29, 2003 See on congress.gov
Taxation Compensation for victims of crimeCrime and Law EnforcementFinance and Financial SectorFines (Penalties)
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Income taxLawSecurities regulationStock exchangesTax deductions
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 29, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5488)
Apr 29, 2003
Sponsor introductory remarks on measure. (CR S5487-5488)
Apr 29, 2003
Introduced in Senate
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 Latest action April 29, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5488)

 Plain-English summary Congressional Research Service
Government Settlement Transparency Act of 2003 - Amends the Internal Revenue Code to deny a business deduction for any amount paid or incurred (whether by suit, agreement, or otherwise) to, or at the direction of, a government or certain nongovernmental regulatory entities in relation to the violation, or potential violation, of any law.

Provides an exception for any amount which the taxpayer establishes constitutes restitution for damage or harm caused by the violation, or potential violation, of any law. (Excludes any amount paid or incurred as reimbursement to the government for the costs of any investigation or litigation.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 29, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 936: Government Settlement Transparency Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-936/
MLA
"S. 936: Government Settlement Transparency Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-936/.
Bluebook (legal)
S. 936, 108th Cong. (2026), https://openamerica.io/bill/108-S-936/.
Markdown link
[S. 936: Government Settlement Transparency Act of 2003](https://openamerica.io/bill/108-S-936/)
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