Massachusetts H1863: An Act relative to structured settlement payment protections

What the bill says

From the introduced text, February 27, 2025:

SECTION 1. Section 1 of chapter 231C of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by striking out the definition of “independent professional advice” and replacing it with the following:- “Independent professional advice”, advice of an attorney, certified public accountant, actuary, or other licensed professional advisor. SECTION 2. Said section 1 of said chapter 231C, as so appearing, is hereby amended by inserting after the definition of “Interested party” the following definition:- “Minor” an individual who is under 18 years of age. And further by inserting after the definition of “Payee” the following two definitions:- “Periodic payments”, includes both recurring payments and scheduled future lump-sum payments. “Protected person”, an individual: With a mental or cognitive impairment that significantly affects decision-making abilities, including, but not limited to conditions such as Alzheimer's disease, dementia, traumatic brain injury, or intellectual and developmental disabilities, including autism; Whose estate in the commonwealth or in any other jurisdiction is currently administered by a guardian or conservator, due to such impairment, as appointed by a court; or Who has been determined by the court to lack capacity. And further by inserting after the definition of “Structured settlement payment rights” the following definition:- "Structured settlement purchase company", an entity, including an employee or other representative thereof, that acts as a transferee in …

Read the full official text

Sponsors

• John Mahoney (D, 13th Worcester) · primary sponsor

Latest actions

1. March 26, 2026: Accompanied a study order, see H5281 (under House Rule 27)
2. October 20, 2025: Hearing scheduled for 07/29/2025 from 01:00 PM-05:10 PM in A-2
3. July 29, 2025: Hearing rescheduled to 07/29/2025 from 01:00 PM-05:10 PM in A-2 and Virtual<br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>
4. February 27, 2025: Senate concurred
5. February 27, 2025: Referred to the committee on The Judiciary
6. : Reported by committee to Clerk’s Office for processing, will accompany a study order

Common questions

What is H1863?

H1863 is a bill in the Massachusetts Legislature (194th General Court): An Act relative to structured settlement payment protections.

What is the status of H1863?

Failed as of March 26, 2026. Latest action: Accompanied a study order, see H5281 (under House Rule 27) (March 26, 2026).

Who sponsored H1863?

John Mahoney (D, 13th Worcester).

Where is the official record for H1863?

On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/H1863