Item 3. Legal Proceedings > PART I > 2021 Government 10-K

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Item 3. Legal Proceedings

Published on Mon, May 17, 2021 9:00AM PDT | Updated Mon, May 17, 2021 9:10AM PDT

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A letter to our readers

A letter to the country’s shareholders while the nation is at a crossroads Corporate income tax collections fell 31% from 2017 to 2018, but federal tax revenue held. The number of Americans receiving government food assistance grew by 12% in 2020. There are more subsidized housing units, but people are waiting longer for them. More Americans are living alone and unmarried. The child poverty rate is falling, but that’s not the whole story. The senior population is growing faster than the general population. The US is increasingly a nation of immigrants. Small roads and key train infrastructure are in poor condition. Data for the road ahead

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Our Government is subject to a variety of claims and suits that arise from time to time in the ordinary course of its operations. See Part II, Item 8. Financial Statements and Supplementary Data, Notes to financial statements, Note 18 – Contingencies for a discussion of these items.

Explore the 2021 Government 10-K

Introduction

A letter to the country’s shareholders while the nation is at a crossroads

Corporate income tax collections fell 31% from 2017 to 2018, but federal tax revenue held.

The number of Americans receiving government food assistance grew by 12% in 2020.

There are more subsidized housing units, but people are waiting longer for them.

More Americans are living alone and unmarried.

The child poverty rate is falling, but that’s not the whole story.

The senior population is growing faster than the general population.

The US is increasingly a nation of immigrants.

Small roads and key train infrastructure are in poor condition.

Data for the road ahead

PART I

About this Report

Item 1 - Purpose and Function of Our Government - General

Item 1A. Risk Factors

Item 2. Properties

Item 3. Legal Proceedings

PART II

Item 6. Selected Financial Data

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

Item 8. Financial Statements and Supplementary Data

Item 9A. Controls and Procedures

PART III

Item 10. Executive Officers and Governance

Item 11. Executive Officer Compensation

Item 13. Certain Relationships and Related Transactions, and Director Independence

PART IV

Item 15. Exhibits