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Bill May 20, 2026

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

https://www.congress.gov/bill/119th-congress/house-bill/8910
Donald Beyer U.S. Representative Brendan Boyle U.S. Representative Cosponsor Judy Chu U.S. Representative Cosponsor Danny Davis U.S. Representative Cosponsor Suzan DelBene U.S. Representative Cosponsor Lloyd Doggett U.S. Representative Cosponsor Dwight Evans U.S. Representative Cosponsor Jimmy Gomez U.S. Representative Cosponsor Steven Horsford U.S. Representative Cosponsor John Larson U.S. Representative Cosponsor Gwen Moore U.S. Representative Cosponsor Jimmy Panetta U.S. Representative Cosponsor Linda Sánchez U.S. Representative Cosponsor Bradley Schneider U.S. Representative Cosponsor Terri Sewell U.S. Representative Cosponsor Thomas Suozzi U.S. Representative Cosponsor Mike Thompson U.S. Representative Sponsor Gabe Amo U.S. Representative Cosponsor John Mannion U.S. Representative Cosponsor Mike Quigley U.S. Representative Cosponsor Bonnie Watson Coleman U.S. Representative Cosponsor Shontel Brown U.S. Representative Cosponsor Gilbert Cisneros U.S. Representative Cosponsor Jasmine Crockett U.S. Representative Cosponsor Madeleine Dean U.S. Representative Cosponsor Rosa DeLauro U.S. Representative Cosponsor Lois Frankel U.S. Representative Cosponsor John Garamendi U.S. Representative Cosponsor Pramila Jayapal U.S. Representative Cosponsor Timothy Kennedy U.S. Representative Cosponsor Ro Khanna U.S. Representative Cosponsor Eleanor Norton U.S. Representative Cosponsor Chellie Pingree U.S. Representative Cosponsor Janice Schakowsky U.S. Representative Cosponsor Melanie Stansbury U.S. Representative Cosponsor Suhas Subramanyam U.S. Representative Cosponsor Jared Huffman U.S. Representative Cosponsor Doris Matsui U.S. Representative Cosponsor Kevin Mullin U.S. Representative Cosponsor Joe Neguse U.S. Representative Cosponsor Wesley Bell U.S. Representative Cosponsor Valerie Foushee U.S. Representative Cosponsor Robert Garcia U.S. Representative Cosponsor Nikema Williams U.S. Representative Cosponsor Mark Pocan U.S. Representative Cosponsor Andrea Salinas U.S. Representative Cosponsor Hillary Scholten U.S. Representative Cosponsor Derek Tran U.S. Representative Cosponsor Shri Thanedar U.S. Representative Cosponsor
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