S. 814Senate110th Congress (2007-2009)In Committee

A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases.

Introduced March 8, 2007

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2909)

March 8, 2007

View full timeline
SenateIntro Referral

Introduced in Senate

March 8, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2908-2909)

March 8, 2007

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2909)

March 8, 2007

Floor Debate

23 members

What members said about S. 814 on the floor

7 Republicans15 Democrats1 Independent
Jon Kyl
Sen. Jon KylR-AZ · Mar 8, 2007

Mr. President, yesterday afternoon, our colleague Senator Specter criticized the decision of the U.S. Court of Appeals for the District of Columbia in the Al Odah v. U.S. case. That decision upheld…

Lindsey Graham
Sen. Lindsey GrahamR-SC · Mar 8, 2007

Will the Senator yield? Madam President, this is a session worthy of the Senate, worthy of the country, and I think incredibly important. I compliment Senator Kyl for what I thought was an excellent…

Bernard Sanders
Sen. Bernard SandersI-VT · Mar 8, 2007

Mr. President, in several weeks, the Senate will begin its deliberations on the fiscal year 2008 budget resolution. It is my strong belief that the Senate must pass a budget that will expand the…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 8, 2007

Mr. President, I rise today to again raise the issue of Darfur. I may not match the tenacity of former Senator William Proxmire. You see, he came to the Senate floor every day--every day-- for 19…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 8, 2007

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, are we in morning business? I ask unanimous consent to speak as in morning business. Mr.…

Show 8 more
Barbara Boxer
Sen. Barbara BoxerD-CA · Mar 8, 2007

Mr. President, I am sorry the Republican leader was unable to agree to the proposal put forward by Senator Reid on behalf of the Democratic majority of the Senate. It seems to me my friends on the…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Mar 8, 2007

Mr. President, I now call for the regular order with regard to the Sununu amendment, No. 291. I thank the Chair. Mr. President, that is where we will keep the Senate for some period of time as we…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Mar 8, 2007

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. Madam President, I have an amendment pending, as my colleagues know, that I cannot get a vote on. I don't…

Arlen Specter
Sen. Arlen SpecterR-PA · Mar 8, 2007

I thank the Chair. (The remarks of Mr. Specter pertaining to the introduction of S. 813 and S. 814 are located in today's Record under ``Statements on Introduced bills and Joint Resolutions.'') Mr.…

Amy Klobuchar
Sen. Amy KlobucharD-MN · Jun 17, 2008

Madam President, yesterday I came to the floor, along with Senators Harkin, Grassley, and others, to talk about the devastating floods the Midwest has experienced, and no one would know more than the…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Mar 8, 2007

Mr. President, I rise today to introduce the Pediatric Medical Device Safety and Improvement Act of 2007. This legislation provides a comprehensive approach to ensuring that children are not left…

Debbie Stabenow
Sen. Debbie StabenowD-MI · Mar 8, 2007

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. Madam President, I rise today to support the Improving America Security Act of 2007, the legislation in front…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Mar 8, 2007

Mr. President, today I'm pleased to be joined by Senators Snowe, Kerry, Smith, Schumer, Lincoln and Coleman in re-introducing legislation we call the Public Good IRA Rollover Act. This legislation…

Show 11 more
Larry E. Craig
Sen. Larry E. CraigR-ID · Mar 8, 2007

Mr. President, I rise today to talk a little bit about recent events reported in the media surrounding the care and housing provided to our returning, injured service members from Iraq and…

Patty Murray
Sen. Patty MurrayD-WA · Jun 17, 2008

I ask unanimous consent that the order for the quorum call be rescinded. Madam President, over the last 8 years, American families have watched as the price of everything from gas to groceries has…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Mar 8, 2007

Mr. President, today Senators Hatch, Kennedy, Specter, Harkin and I are introducing legislation to ban human reproductive cloning, while ensuring that important medical research goes forward under…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Mar 8, 2007

Mr. President, today I am introducing legislation with Senators Feinstein, Kerry, Bunning, Bingaman, Salazar, Coleman, Smith, Allard and Cornyn that addresses the critical issue of the Nation's…

Robert Menendez
Sen. Robert MenendezD-NJ · Mar 8, 2007

Mr. President, I rise today to introduce a bill designed to improve the science learning experience for students in low-income and rural school across the country. Investing in education is about…

Barack Obama
Sen. Barack ObamaD-IL · Mar 8, 2007

Mr. President, today is International Women's Day, a day to celebrate the social, economic, and political achievements of women around the world. We have come a long way in equality for women since…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Mar 8, 2007

Mr. President, as my State and the rest of the Gulf Coast work to get back on their feet and rebuild their lives and their communities, we look to the future. We look forward to stronger levees, a…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Mar 8, 2007

Mr. President, I am pleased to join Senators Feinstein, Specter, Kennedy, and Harkin in introducing the Human Cloning Ban and Stem Cell Research Protection Act of 2007. It is hard to imagine how far…

Harry Reid
Sen. Harry ReidD-NV · Mar 8, 2007

I ask unanimous consent that the order for the quorum call be rescinded. Madam President, I ask unanimous consent that Monday, this coming Monday, March 12 at 3 p.m., the Senate begin debate on the…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Mar 8, 2007

Mr. President, last month marked the 14th anniversary of the enactment of the Family and Medical Leave Act of 1993. This law has enabled workers to take up to 12 weeks of unpaid leave to attend to an…

Bill Nelson
Sen. Bill NelsonD-FL · Mar 8, 2007

I ask unanimous consent that the order for the quorum call be rescinded. I ask unanimous consent to speak as in morning business for no more than 5 minutes. Mr. President, we have had hearings this…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued March 8, 2007

II

110th CONGRESS

1st Session

S. 814

IN THE SENATE OF THE UNITED STATES

March 8, 2007

Mr. Specter introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases.

1.

Deduction of attorney-advanced expenses and court costs in contingency fee cases

(a)

In general

Section 162 of the Internal Revenue Code of 1986 (relating to trade or business expenses) is amended by redesignating subsection (q) as subsection (r) and by inserting after subsection (p) the following new subsection:

(q)

Attorney-advanced expenses and court costs in contingency fee cases

There shall be allowed as a deduction under this section any expenses and court costs paid or incurred by an attorney the repayment of which is contingent on a recovery by judgment or settlement in the action to which such expenses and costs relate. Such deduction shall be allowed in the taxable year in which such expenses and costs are paid or incurred by the taxpayer.

.

(b)

Effective date

The amendments made by this section shall apply to expenses and costs paid or incurred after the date of the enactment of this Act, in taxable years beginning after such date.