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| 2 | 2 | | SENATE DOCKET, NO. 537 FILED ON: 1/13/2025 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 1149 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Jason M. Lewis |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to prejudgment interest rates. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :Jason M. LewisFifth Middlesex 1 of 2 |
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| 16 | 16 | | SENATE DOCKET, NO. 537 FILED ON: 1/13/2025 |
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| 17 | 17 | | SENATE . . . . . . . . . . . . . . No. 1149 |
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| 18 | 18 | | By Mr. Lewis, a petition (accompanied by bill, Senate, No. 1149) of Jason M. Lewis for |
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| 19 | 19 | | legislation relative to prejudgment interest rates. The Judiciary. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE SENATE, NO. 1029 OF 2023-2024.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act relative to prejudgment interest rates. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Section 6B of chapter 231 of the General Laws, as appearing in the 2022 |
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| 31 | 31 | | 2Official Edition, is hereby amended by striking out, in line 5, the words “at the rate of twelve per |
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| 32 | 32 | | 3cent per annum” and inserting in place thereof the following:- calculated at a weekly average 1- |
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| 33 | 33 | | 4year constant maturity treasury yield, as published by the Board of Governors of the Federal |
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| 34 | 34 | | 5Reserve System, for the calendar week preceding date of the judgment. |
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| 35 | 35 | | 6 SECTION 2. Section 6C of said chapter 231 of the General Laws, as so appearing, is |
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| 36 | 36 | | 7hereby amended by striking out, in line 4, the words “at the rate of twelve per cent per annum” |
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| 37 | 37 | | 8and inserting in place thereof the following:- calculated at a weekly average 1-year constant |
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| 38 | 38 | | 9maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, |
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| 39 | 39 | | 10for the calendar week preceding date of the judgment. 2 of 2 |
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| 40 | 40 | | 11 SECTION 3. Said section 6C of said chapter 231, as so appearing, is hereby further |
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| 41 | 41 | | 12amended by striking out, in line 7, the words “at the rate of twelve per cent annum” and inserting |
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| 42 | 42 | | 13in place thereof the following:- calculated as set forth above. |
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