1 of 1 HOUSE DOCKET, NO. 1400 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 1795 The Commonwealth of Massachusetts _________________ PRESENTED BY: Bradley H. Jones, Jr. _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act relative to prejudgment interest rates. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Bradley H. Jones, Jr.20th Middlesex1/14/2025Kimberly N. Ferguson1st Worcester1/15/2025Paul K. Frost7th Worcester1/31/2025Todd M. Smola1st Hampden3/10/2025 1 of 2 HOUSE DOCKET, NO. 1400 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 1795 By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 1795) of Bradley H. Jones, Jr. and others relative to prejudgment interest rates. The Judiciary. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE HOUSE, NO. 1578 OF 2023-2024.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act relative to prejudgment interest rates. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1. Section 6B of chapter 231 of the General Laws, as appearing in the 2022 2Official Edition, is hereby amended by striking out, in lines 5 and 6, the words “at the rate of 3twelve per cent per annum” and inserting in place thereof the following:- calculated at a weekly 4average one-year constant maturity treasury yield, as published by the Board of Governors of the 5Federal Reserve System, for the calendar week preceding date of the judgment. 6 SECTION 2. Section 6C of said chapter 231 of the General Laws, as appearing in the 72022 Official Edition, is hereby amended by striking out, in lines 4 and 5, the words “at the rate 8of twelve per cent per annum” and inserting in place thereof the following:- calculated at a 9weekly average one-year constant maturity treasury yield, as published by the Board of 10Governors of the Federal Reserve System, for the calendar week preceding date of the judgment. 2 of 2 11 SECTION 3. Said section 6C of said chapter 231 is hereby further amended by striking 12out, in line 8, the words “at the rate of twelve per cent annum” and inserting in place thereof the 13following:- calculated as set forth above.