Arlington, VA — The American Consumer Institute (ACI) circulated a coalition letter urging Congress to consider measures that would correct the tax treatment of third-party litigation funding (TPLF), which currently allows unscrupulous foreign investors to reap massive tax-free profits at the expense of U.S. businesses and working families. Congress should not pass up the opportunity to use the current reconciliation bill to address this problem and achieve the first federal tort reform win in decades.
Read the full letter below.