Ponzi Scheme Victims Tax Relief Act
We have been making headway up on Capitol Hill where three bills have been introduced in the past several weeks, including the Schumer/Kyl tax bill (S.3166), its House counterpart, the Pascrell tax bill (HR 5058), and the Ackerman bill (HR 5032)intended to modify the SIPA. These bills have been the result of lots of hard work by many different people. Special thanks goes out to CPA Andy Lerman, who has advocated tirelessly for this legislation.
While the bills are a good first step, we recognize that they are far from perfect. It will take continued diligence and hard work to keep these bills alive and to add additional language to ensure relief for the maximum number of victims. We’ve come this far, we can’t stop now.
Over the next week or so, we will be posting sample letters for you to download.
To that end, we are providing a template for a letter in support of the Pascrell bill HR 5058, which will:
CLICK HERE to read the full bill.
We urge you to send this letter to your Congressperson in support of the proposed bill.
Here are instructions to help you.
1) Click icon below for PDF or Word Version of Letter
(Please note, if you use the .pdf version of the letter, you will need to copy and paste the content or retype the letter with your personal information accordingly.)
2) Personalize the letter to YOUR Congressional Representative. (Any correspondence to another representative will be thrown out or forwarded to your representative).
3) Locate contact information for your representative. (Please note that you might need your ZIP+4 zip code. In that instance, go to:
www.usps.com).
Go to: www.contactingthecongress.org. Enter your Zip+4 zipcode. This will give you the list of Senators and Representatives for your state and congressional district. Click on the member name of your representative for the mailing address, fax number, and email address. Remember to send requests for House bill support to your representative and Senate bill support to both senators.
4) Add one or two sentences AT MOST after the first paragraph to make it personal, such as “my family was invested for 20 years, and our life savings are gone,” or “I invested the proceeds from the sale of my business that I built…”
5) These letters should be mailed out ASAP ! (No later than May 7, 2010, please).
Lastly, please forward NIAP a copy of your letter so we can keep track of what letters have been sent and to whom. You can do so by emailing it to: admin@investoraction.org
or fax it to (631) 421-5701.
In the days ahead we will be forwarding additional letters with additional instructions that we hope you will find helpful. Please feel free to contact me directly with any questions you may have.
Ilene B. Kent
Network for Investor Action and Protection
www.investoraction.org
212-787-9826
ilenek@investoraction.org
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