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HR 1389 111th Congress House

Fraudulent Tax Relief Act of 2009

Official title: To amend the Internal Revenue Code of 1986 to allow a refundable credit for taxes paid on earnings reinvested and lost in a fraudulent investment scheme.

Introduced: July 21, 2009 See on congress.gov
Taxation Financial services and investmentsFraud offenses and financial crimesIncome tax credits
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2009
Referred to the House Committee on Ways and Means.
Mar 9, 2009
Introduced in House
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 Latest action March 9, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Fraudulent Tax Relief Act of 2009 - Amends the Internal Revenue Code to allow a refundable tax credit for taxes paid on earnings: (1) from an investment which the taxpayer did not know, and reasonably should not have known, was fraudulent; (2) which were reinvested in such investment; and (3) which remained so reinvested until the fraud was discovered. Makes such tax credit applicable to frauds discovered during 2008.

 Related & companion bills 1
  • HR 1159 Related bill To amend the Internal Revenue Code of 1986 to provide special rules for investments lost in a fraudulent Ponzi-type sch…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
Hall, John
· Dec 10, 2009
 D
Nadler, Jerrold
New York · Jul 21, 2009
Murphy, Patrick
· Jul 14, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1389: Fraudulent Tax Relief Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1389/
MLA
"H.R. 1389: Fraudulent Tax Relief Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1389/.
Bluebook (legal)
H.R. 1389, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1389/.
Markdown link
[H.R. 1389: Fraudulent Tax Relief Act of 2009](https://openamerica.io/bill/111-HR-1389/)
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