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HR 4912 110th Congress House Taxation Commerce Contracts Derivative securities Finance and Financial Sector Income tax Losses Tax administration

To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts.

Introduced: December 19, 2007 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
Dec 19, 2007
Referred to the House Committee on Ways and Means.
Dec 19, 2007
Sponsor introductory remarks on measure. (CR E2663)
Dec 19, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to set forth rules for the treatment of income, loss, and distributions relating to a prepaid derivative contract. Defines "prepaid derivative contract" as any prepaid contract with a term longer than one year from the date of issue which is a derivative financial instrument with respect to any security, commodity, or financial index.

What's happening now December 19, 2007

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4912: To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-4912/
MLA
"H.R. 4912: To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-4912/.
Bluebook (legal)
H.R. 4912, 110th Cong. (2026), https://openamerica.io/bill/110-HR-4912/.
Markdown link
[H.R. 4912: To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts.](https://openamerica.io/bill/110-HR-4912/)
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