Federal Receivership Fairness Act
Creates a court process for determining federal tax liabilities in receivership cases.
In the Senate Finance Committee since Sept. 23, 2026, 13 days after it was introduced. Most bills never leave committee.
- INTRODUCEDINTROSEP 23, 2026
- COMMITTEECOMM.IN COMMITTEE
- SENATESENATE—
- HOUSEHOUSE—
- LAWLAW—
What the bill would do, and why it matters
Receivership is a court-supervised process for handling a person’s or entity’s affairs and obligations. The bill would let courts determine certain federal tax liabilities in receivership cases and create a process for receivers to request a tax determination. It would send federal tax questions in state-court receiverships to federal district court and allow specified claims and offsets involving the Treasury Secretary.
- INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote. Most introduced bills never become law — they die in committee without a hearing.
- DATA NOTE No Congressional Research Service summary was available.
- Let courts determine federal tax liabilities
A court that appoints a receiver could determine the amount or legality of federal taxes, related fines and penalties, and additions to tax, even if they have not been assessed, paid, or contested. It could not revisit a tax issue already decided by a court or administrative tribunal before the receivership began.
- Set a process for tax returns and payment
A receiver could submit a tax return and request a determination of unpaid taxes incurred before or during the receivership. Depending on whether the Secretary of the Treasury examines the return and what the court or Secretary determines, payment of the tax shown or determined could discharge the receivership estate, receiver, person or entity in receivership, and successors from liability, unless the return is fraudulent or materially misrepresents facts.
- Route state-court tax questions to federal court
In a receivership in state or District of Columbia court, a federal tax determination would be handled by the U.S. district court for the district where the case is pending, not by the state or District of Columbia court.
- Allow specified claims against the Secretary
The bill would waive the Secretary’s sovereign immunity for the matters covered by the new process, allowing the receivership court to issue certain orders and judgments, including money recoveries but not punitive damages. It would also allow certain estate claims to offset the Secretary’s claims, while preserving limits in other applicable law.
Tax liabilities can affect how a receivership estate’s obligations are determined and resolved. The bill would create a specific route for resolving certain federal tax disputes and could discharge covered parties from liability after payment under its terms.
Written from the bill text.
The path it took, step by step
- IntroducedSEP 23, 2026SENATESEP 23, 2026By Sen. Young with 1 original cosponsorReferred to Finance
- SAME DAYNOWSenate committeeSEP 23, 2026FINANCE NOWSEP 23, 2026In committee for 13 daysNo hearing yet
- 13 DAYS SO FARPassed the Senate—SENATE FLOOR—Not scheduled
- House committee—HOUSE—
- Passed the House—HOUSE FLOOR—Not scheduled
- Resolve differencesONLY IF NEEDEDBOTH CHAMBERSONLY IF NEEDEDSkipped if the other chamber passes the same text
- Signed into law—PRESIDENT—10 days to sign or veto
- SEP 232026SEP 23, 2026REFERREDRead twice and referred to the Committee on Finance.
- SEP 232026SEP 23, 2026INTRODUCEDSENATEIntroduced in Senate
At day 13, this bill is already older than 3% of the laws passed this Congress were when they were signed.
Where your members stand on it
Support from one state
Plus the sponsor, a Republican. Every cosponsor is from one party.
Plus the sponsor, a Republican. Every cosponsor is from one party.
Sen. Young’s record: sponsored 65 bills this Congress. 10 passed the Senate; 0 became law.
- Mark R. WarnerD-VAORIGINAL
What readers think
Discussion
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