July 20, 2021
For Immediate Release:
Statement on House Passage of Bill to Restore Consumer Agency’s Power to Stop Scams, Refund Victims
Senate Should Quickly Take Up and Pass H.R. 2668
The undersigned consumer, labor and privacy organizations, representing millions of Americans, write in strong support of H.R. 2668, the Consumer Protection and Recovery Act. The bill would restore the Federal Trade Commission’s authority to provide refunds and equitable relief to victims of consumer fraud and deception, and to stop ongoing misconduct in the marketplace.
Sen. Catherine Cortez Masto (D-Nev.) today introduced the End Double Taxation of Successful Consumer Claims Act, which would amend the tax code so that individuals who win consumer cases are no longer expected to pay income tax on funds, specifically reimbursed legal expenses, that they do not receive. The proposal is similar to a previous 2004 amendment to the tax code that protects victims of discrimination.
Sen. Catherine Cortez Masto (D-Nev.) today introduced the End Double Taxation of Successful Consumer Claims Act, which would amend the tax code so that individuals who win consumer cases are no longer expected to pay income tax on funds, specifically reimbursed legal expenses, that they do not receive. The proposal is similar to a previous 2004 amendment to the tax code that protects victims of discrimination.
Polling Results: A Barrier to Justice for Taxpayers Harmed by Corporate Misconduct
Recent polling data from Lake Research Partners answered two overall questions:
(1) How do voters view consumer protection and access to justice?
(2) How do voters view an existing but an obscure tax issue* once it is explained to them?
NACA urges the 117th Congress to (1) remove obstacles that block legal accountability for harmful practices, (2) ensure the tax system does not penalize harmed consumers who stand up for themselves, (3) encourage an active regulatory system that adequately safeguards consumers, and (4) strengthen consumer remedies and protections in critical consumer laws.
