To amend the Internal Revenue Code of 1986 to provide that the tax benefits related to certain personal injury liability assignments shall apply to assignments to make periodic payments for all categories of excludable compensation for injuries or sickness.

Amends the Internal Revenue Code to revise the tax exclusion of amounts received for agreeing to a qualified assignment of liability to make periodic payments to compensation for injuries or sickness. Broadens the range of relevant liability to include payments such as workers' compensation and various disability insurance compensation.