End Double Taxation of Successful Consumer Claims Act

This bill creates a tax deduction for consumers who win lawsuits against businesses for violations of consumer protection laws. It allows consumers to deduct attorney fees and court costs from their taxable income when they receive a settlement or judgment in cases involving specific federal laws, such as the Truth in Lending Act, Fair Debt Collection Practices Act, or Fair Credit Reporting Act. The deduction applies to fees paid after the bill's enactment for cases settled or judged during the same taxable year. It directly affects consumers who successfully pursue legal claims under the listed consumer protection statutes and their attorneys.