Search Results: keywords:"economic abuse"

  • S. 4801 — To amend the Internal Revenue Code of 1986 to exclude discharge of coerced indebtedness from gross income.
    Status:Introduced in Senate
    Words:485

    S. 4801, introduced in the Senate, aims to amend the Internal Revenue Code by allowing individuals to exclude from their gross income any debt that has been forgiven, provided the debt was coerced. Coerced debt is defined as debt incurred without the individual's consent, such as through...

    Simple Explanation

    The bill is like a rule that says if someone has debt because someone else tricked or forced them into it, they won't have to pay extra taxes when that debt is forgiven or erased. It's to help people who were taken advantage of and starts working in 2024.

  • H. R. 9966 — To direct the Secretary of the Treasury and the Director of the Bureau of Consumer Financial Protection to establish the Interagency Task Force on Coerced Debt, and for other purposes.
    Status:Introduced in House
    Words:1,025

    H. R. 9966, known as the "Task Force to End Financial Abuse Act of 2024," aims to combat coerced debt, a form of economic abuse common in abusive relationships. The bill proposes the creation of the Interagency Task Force on Coerced Debt, co-chaired by the Secretary of the...

    Simple Explanation

    H. R. 9966 wants to make a group of smart people look at how mean people sometimes use money to hurt others in relationships. These smart people will work together for a year, think of ways to stop this, write it all down, and then finish their job.

  • S. 3835 — To establish an interagency Working Group to study financial safety and inclusion for survivors, and for other purposes.
    Status:Introduced in Senate
    Words:2,149

    S. 3835, known as the "Survivor Financial Safety and Inclusion Working Group Act," aims to create an interagency working group focused on the financial safety and inclusion of individuals who have survived domestic violence and economic abuse. This group will study how...

    Simple Explanation

    This bill wants to make a special team to help people who have been hurt by bad people taking their money or not letting them use their money. This team will look at how banks and money places can be kinder and safer for these people and will tell grown-ups in charge how they can make this better every year.