PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5488)
Congressional Research Service
Version 00 · Introduced in Senate · Apr 29, 2003
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.)
People & committees
Sen. Baucus, Max [D-MT] · D–MT
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5488)
Sponsor introductory remarks on measure. (CR S5487-5488)
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.
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Analyze S.936 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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