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Sen. Warren, Coburn Introduce Bill to Force Settlement Disclosures

Sen. Warren, Coburn Introduce Bill to Force Settlement Disclosures

Sens. Elizabeth Warren, D-Mass., and Tom Coburn, R-Okla., introduced legislation Wednesday that aims to provide the public with more accurate and detailed information about settlements between companies and federal agencies.

The Truth in Settlements Act would require public announcements that cite settlement amounts to explain whether the penalty is tax-deductible or will be partially offset by credits, according to a Wednesday press release from the senators’ offices.

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