H.R. 4314 - Losing Your Rights To Sell!
As many of you know, the NSSTA (National Structured Settlement Trade Association) and their insurance company membership has declared war on the cash flow industry. Their goal is to stop all sales of structured settlement payments, thereby putting settlement purchasers totally out of business.
To accomplish their goal, they have introduced legislation known as H.R. 4314. This legislation is presently under consideration by the House Ways & Means Committee. H.R. 4314 imposes a 50% excise tax on the sale of structured settlement payments. If this bill passes, our industry will cease to exist.