News

Legislation Introduced to Close the TPLF Tax Loophole

The “Tackling Predatory Litigation Funding Act” was introduced in both the U.S. Senate and House to create a new tax for third-party litigation funding and to clarify it does not qualify for capital gains treatment, a loophole that currently allows foreign investors to pay zero U.S. taxes.

Wildfire Legislation Heating Up in the Senate

Momentum has been building in the U.S. Senate where several new bipartisan proposals aim to improve forest management, reduce wildfire risks and strengthen disaster resilience.

NFIP Reauthorized in Recent Government Funding Bill

Last week, the U.S. Senate passed a continuing resolution to fund the federal government through Sept. 30 and included a short-term reauthorization of the National Flood Insurance Program (NFIP).