Truth in Settlements Act of 2015

openUnited States· United States Congress· EN

Introduced

28 April 2015

Last action

9 June 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 476.

Summary

Truth in Settlements Act of 2015 Sets forth new requirements for the public disclosure of any covered settlement agreement entered into by a federal executive agency.  Defines "covered settlement agreement" as a settlement agreement (including a consent decree) that: (1) is entered into by an executive agency, (2) relates to an alleged violation of federal civil or criminal law, and (3) requires the payment of not less than $1 million by one or more non-federal persons (entities not within the federal government). Requires the head of each executive agency to make publicly available on the agency website a list of each covered settlement agreement entered into by the agency, which shall include: (1) the names of the parties to the settlement agreement and the date of such agreement; (2) a description of the claims that were settled under the agreement; (3) the amount each party to the agreement is obligated to pay under the terms of the agreement and the total amounts required to be paid; and (4) for each settling party, the amount the settling party is obligated to pay that has been expressly specified as a civil penalty or fine and as not deductible for tax purposes. Requires: (1) such information to remain publicly available for not less than 5 years, beginning on the date of the agreement; and (2) a copy of a covered settlement agreement to remain publicly available for a period of not less than 1 year, beginning on the date of the agreement, or for not less than 5 years for an agreement under which a non-federal person is required to pay not less than $50 million. Limits the disclosure of provisions of a covered settlement agreement that are subject to a confidentiality agreement. Requires the issuer of securities subject to reporting requirements under the Securities Exchange Act of 1934 to describe in required reports any claim of a tax deduction relating to a payment under a covered settlement agreement.

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Timeline

28 April 2015
Introduced
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S2476-2477)
Source: IntroReferral
28 April 2015
Introduced
Introduced in Senate
Source: IntroReferral
6 May 2015
Reported
Committee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
Source: Committee
7 July 2015
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 140.
Source: Calendars
7 July 2015
Reported
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 114-76.
Source: Committee
7 July 2015
Reported
Committee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 114-76.
Source: Committee
21 September 2015
Floor
Measure laid before Senate by unanimous consent. (consideration: CR S6851-6852)
Source: Floor
21 September 2015
Passed
Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(text: CR S6852)
Source: Floor
22 September 2015
Floor
Message on Senate action sent to the House.
Source: Floor
22 September 2015
Floor
Received in the House.
Source: Floor
22 September 2015
Introduced
Referred to the House Committee on Oversight and Government Reform.
Source: IntroReferral
1 March 2016
Reported
Ordered to be Reported by Unanimous Consent.
Source: Committee
1 March 2016
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
9 June 2016
Calendars
Placed on the Union Calendar, Calendar No. 476.
Source: Calendars
9 June 2016
Reported
Reported by the Committee on Oversight and Government Reform. H. Rept. 114-613.
Source: Committee
9 June 2016
Reported
Reported by the Committee on Oversight and Government Reform. H. Rept. 114-613.
Source: Committee

Votes

No vote records are attached yet.

Versions

Reported in House · 9 June 2016 · Download file
Referred in House · 22 September 2015 · Download file
Engrossed in Senate · 21 September 2015 · Download file
Reported to Senate · 7 July 2015 · Download file
Introduced in Senate · 28 April 2015 · Download file

Documents

14 official files

Reported in House (text)

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Reported in House (text)
Reported in House · EN · 9 June 2016
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Reported in House (PDF)
Reported in House · EN · 9 June 2016
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Reported to House without amendment
summary · EN · 9 June 2016
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Referred in House (text)
Referred in House · EN · 22 September 2015
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Referred in House (PDF)
Referred in House · EN · 22 September 2015
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Engrossed in Senate (text)
Engrossed in Senate · EN · 21 September 2015
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Engrossed in Senate (PDF)
Engrossed in Senate · EN · 21 September 2015
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Passed Senate amended
summary · EN · 21 September 2015
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Reported to Senate (text)
Reported to Senate · EN · 7 July 2015
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Reported to Senate (PDF)
Reported to Senate · EN · 7 July 2015
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Reported to Senate without amendment
summary · EN · 7 July 2015
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Introduced in Senate (text)
Introduced in Senate · EN · 28 April 2015
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Introduced in Senate (PDF)
Introduced in Senate · EN · 28 April 2015
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Introduced in Senate
summary · EN · 28 April 2015
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Related records

related to → Truth in Settlements Act of 2017
related to ← Truth in Settlements Act of 2015
amends ← To apply the disclosure requirements to settlements between agencies and private entities and require information regarding the use of funds collected under settlement agreements.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1109
Open data entity: https://api.congress.gov/v3/bill/114/s/1109
us · 114-s-1109 · source updated 4 March 2026