H 1795
An Act relative to prejudgment interest rates
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- Passed House
- Passed Senate
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Bill overview
This bill aims to standardize the calculation of prejudgment interest rates in Massachusetts. Currently, the rate is determined by the court, which can lead to inconsistencies. The bill proposes a statutory formula for calculating this interest, providing greater transparency and predictability for parties involved in lawsuits.
Key provisions
- Establishes a statutory formula for calculating prejudgment interest rates.
- Specifies the interest rate to be applied.
- Requires courts to apply the new formula when calculating prejudgment interest.
- Addresses the accrual of interest in cases involving monetary judgments.
- Clarifies the application of the formula to various types of claims.
- Provides for periodic adjustments to the interest rate.
Who is affected
- Litigants
- Attorneys
- Courts
- Individuals involved in lawsuits
- Businesses involved in lawsuits
Notable changes
- Replaces the current court-determined prejudgment interest rate with a statutory formula.
- Aims to reduce uncertainty and potential disputes regarding interest calculations.
- May impact the amount of interest awarded in judgments.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jr. Bradley H. Jones
Cosponsors
Jr. Bradley H. Jones
Kimberly N. Ferguson
Paul K. Frost
Todd M. Smola
Arguments in favor
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Bill H.1795 194th (Current)
An Act relative to prejudgment interest rates
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.
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Bill Information
Bill Information
Presenter: Bradley H. Jones, Jr.
Tabs
Bill History Petitioners Committee Vote Committee Summary Hearing Attendance
Bill History
Displaying 7 actions for Bill H.1795
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on The Judiciary |
| 2/27/2025 | Senate | Senate concurred |
| 10/29/2025 | Joint | Hearing scheduled for 11/04/2025 from 01:00 PM-05:00 PM in A-1 |
| 11/4/2025 | Joint | Hearing rescheduled to 11/04/2025 from 01:00 PM-02:30 PM in A-1 and Virtual Hearing updated to New End Time |
| 11/4/2025 | Joint | Hearing rescheduled to 11/04/2025 from 01:00 PM-05:00 PM in A-1 and Virtual Hearing updated to New End Time |
| House | Reported by committee to Clerk’s Office for processing, will accompany a study order | |
| 3/26/2026 | House | Accompanied a study order, see H5281 (under House Rule 27) |
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