To amend the Internal Revenue Code of 1986 to impose a tax on specified settlement fund payments, and for other purposes.
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8910 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8910 To amend the Internal Revenue Code of 1986 to impose a tax on specified settlement fund payments, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 19, 2026 Mr. Thompson of California (for himself, Mr. Doggett, Mr. Larson of Connecticut, Mr. Davis of Illinois, Ms. Sanchez, Ms. Sewell, Ms. DelBene, Ms. Chu, Ms. Moore of Wisconsin, Mr. Boyle of Pennsylvania, Mr. Beyer, Mr. Evans of Pennsylvania, Mr. Schneider, Mr. Panetta, Mr. Gomez, Mr. Horsford, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose a tax on specified settlement fund payments, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stop Letting United States Heads Funnel Unauthorized Nontransparent Dollars Act of 2026'' or the ``SLUSH FUND Act of 2026''. SEC. 2. IMPOSITION OF TAX ON SPECIFIED SETTLEMENT FUND PAYMENTS. (a) In General.--Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: ``CHAPTER 50B--SPECIFIED SETTLEMENT FUND PAYMENTS ``Sec. 5000E. Imposition of tax on specified settlement fund payments. ``SEC. 5000E. IMPOSITION OF TAX ON SPECIFIED SETTLEMENT FUND PAYMENTS. ``(a) In General.--There is hereby imposed on any taxpayer for any taxable year a tax equal to 100 percent of any specified settlement fund payment received by such taxpayer during such taxable year. ``(b) Specified Settlement Fund Payment.--For purposes of this section-- ``(1) In general.--The term `specified settlement fund pay
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