Senate Finance Committee leaders Chuck Grassley, R-Iowa, and Max Baucus, D-Mont., will introduce legislation early next week to crack down on life insurance contract abuses that inappropriately afford benefits to private investors that would not otherwise be available without the involvement of a charity.

The legislation builds on a Bush administration budget proposal that sought to deal with these types of insurance contracts.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access