BILL ANALYSIS

HR2347

NEUTRAL

Survivor Justice Tax Prevention Act

HR2347 (Survivor Justice Tax Prevention Act) carries an AI-assessed market impact score of 4/10 with a neutral outlook for investors. The primary sectors impacted are Finance. View the full bill text on Congress.gov.

4/10

Impact Score

neutral

Market Sentiment

Affected Stocks

Sectors Impacted

Key Takeaways for Investors

HR2347, the Survivor Justice Tax Prevention Act, has advanced to the Union Calendar, indicating readiness for a House floor vote.

The bill proposes to exclude damages from sexual acts or contact from gross income for federal tax purposes, impacting individual tax liabilities.

This legislation does not involve federal spending or appropriations and primarily affects tax policy related to specific types of damages.

How HR2347 Affects the Market

This bill primarily impacts individual taxpayers who receive damages related to sexual acts or contact, by reducing their potential federal income tax liability on such amounts. There are no direct market implications for publicly traded companies or specific sectors, as the bill does not involve government contracts, subsidies, or regulatory changes affecting corporate operations. Financial institutions involved in processing settlements or awards might see minor administrative adjustments, but no material impact on their core business or stock performance is anticipated.

Bill Details

Metric	Value
Bill Number	HR2347
Impact Score	4/10Certainty: Floor action (+0.3 velocity (8 actions)) · Financial Magnitude: No explicit funding identified · Strategic Weight: AI qualitative assessment: 5/10 · Market Penetration: No specific companies; 1 sector(s) identified
Market Sentiment	neutral
Event Date	April 9, 2026
Affected Sectors	Finance
Affected Stocks	N/A
Source	View on Congress.gov →

Summary

HR2347, the Survivor Justice Tax Prevention Act, has been placed on the Union Calendar, indicating it is ready for floor consideration in the House. This bill aims to exclude damages from sexual acts or contact from gross income for tax purposes, potentially affecting tax liabilities for individuals receiving such damages.

Full AI Market Analysis

HR2347, titled the Survivor Justice Tax Prevention Act, was introduced on March 25, 2025, and referred to the House Committee on Ways and Means. On March 25, 2026, the committee ordered the bill to be reported, and it was subsequently reported (Amended) on April 9, 2026. The bill was then placed on the Union Calendar, Calendar No. 519, on April 9, 2026. This signifies that the bill has cleared committee review and is awaiting a vote by the full House of Representatives. The bill amends Section 104(a)(2) of the Internal Revenue Code of 1986 to exclude from gross income any damages, other than punitive damages, received on account of any sexual acts or sexual contact. Currently, only damages for personal physical injuries or physical sickness are explicitly excluded. The bill also specifies that damages are considered to be on account of a sexual act or contact if the judgment or agreement states so, and explicitly prohibits requiring medical records to substantiate such claims. This is a tax policy change and does not involve direct federal funding or appropriations. The financial impact would be on the tax revenue collected by the federal government and the tax liabilities of individuals receiving such damages. There are no direct corporate beneficiaries or losers from this bill as it primarily affects individual tax liabilities. The Internal Revenue Service (IRS) would be responsible for implementing these changes, but there are no specific tickers directly impacted. The bill's effective date is for amounts received pursuant to judgments made, and agreements entered into, after the date of enactment. This means that if passed, the changes would apply prospectively. Given its placement on the Union Calendar, the next legislative step for HR2347 is consideration and a vote by the full House of Representatives. If passed by the House, it would then move to the Senate for consideration. The bill has three cosponsors, indicating some bipartisan support, with the primary sponsor being Rep. Smucker (R-PA). The recent presidential memoranda on domestic petroleum production and Air Force jet fighter training operations are unrelated to this tax bill and do not amplify or conflict with its provisions.