Truth in Settlements Act of 2014

Summary

Truth in Settlements Act of 2014 - 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 designated as a civil penalty or fine. Requires: (1) such information to remain publicly available for five years after the date of the agreement, and (2) a copy of a covered settlement agreement to remain publicly available until at least one year after the date of the agreement, or until five years after such date 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

1. 8 January 2014

   Introduced

   Sponsor introductory remarks on measure. (CR S115-116)

   Source: IntroReferral

2. 8 January 2014

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 8 January 2014

   Introduced

   Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

   Source: IntroReferral

4. 30 July 2014

   Reported

   Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

5. 16 September 2014

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 566.

   Source: Calendars

6. 16 September 2014

   Reported

   Committee on Homeland Security and Governmental Affairs. Reported by Senator Carper with an amendment in the nature of a substitute. Without written report.

   Source: Committee

7. 16 September 2014

   Reported

   Committee on Homeland Security and Governmental Affairs. Reported by Senator Carper with an amendment in the nature of a substitute. Without written report.

   Source: Committee

8. 18 September 2014

   Floor

   By Senator Carper from Committee on Homeland Security and Governmental Affairs filed written report. Report No. 113-259.

   Source: Floor

9. 18 September 2014

   Committee

   By Senator Carper from Committee on Homeland Security and Governmental Affairs filed written report. Report No. 113-259.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported to Senate · 16 September 2014 · Download file
• Introduced in Senate · 8 January 2014 · Download file

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 16 September 2014

  ViewDownloadOpen at official source

• Reported to Senate (PDF)

  Reported to Senate · EN · 16 September 2014

  ViewDownloadOpen at official source

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• Reported to Senate with amendment(s)

  summary · EN · 16 September 2014

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  Vertaal document

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• Introduced in Senate (text)

  Introduced in Senate · EN · 8 January 2014

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 January 2014

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate

  summary · EN · 8 January 2014

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Warren, Elizabeth [D-MA] · D · Sponsor
• Sen. Coburn, Tom [R-OK] · R · Sponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Sen. Begich, Mark [D-AK] · D · Cosponsor
• · ssga00 · Standing

Related records

• related to → Truth in Settlements Act of 2014