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MA H1795
Bill
Status
2/27/2025
Primary Sponsor
Bradley Jones
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AI Summary
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Replaces the fixed 12% annual prejudgment interest rate with a variable rate tied to the weekly average one-year constant maturity treasury yield published by the Federal Reserve Board of Governors
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Amends Sections 6B and 6C of Chapter 231 of the Massachusetts General Laws governing prejudgment interest calculations
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New interest rate would be determined based on the treasury yield for the calendar week preceding the date of judgment
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Filed by Representative Bradley H. Jones, Jr. (20th Middlesex) on January 14, 2025, with three co-sponsors
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Similar legislation (House No. 1578) was filed in the 2023-2024 legislative session
Legislative Description
Relative to prejudgment interest rates
Last Action
Reported by committee to Clerk’s Office for processing, will accompany a study order
11/4/2025