US Congress House Bill 5915 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on July 28 2010 - 25% progression, died in committee
Action: 2010-07-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Catastrophe Savings Accounts Act of 2010 - Amends the Internal Revenue Code to create tax-exempt catastrophe savings accounts (CSAs). Allows tax-free distributions from CSAs to pay expenses resulting from a presidentially declared major disaster. Limits CSA balances to: (1) $2,000 (for individuals with homeowner insurance deductibles of not more than $1,000); and (2) the lesser of $15,000 or twice a homeowner's insurance deductible (for individuals with deductibles of more than $1,000).

Catastrophe Savings Accounts Act of 2010

Rep. Lincoln Diaz-Balart [R-FL]	Rep. Mario Diaz-Balart [R-FL]	Rep. Ron Paul [R-TX]	Rep. Thomas Rooney [R-FL]
Rep. Ileana Ros-Lehtinen [R-FL]

Date	Chamber	Action
2010-07-28		Referred to the House Committee on Ways and Means.

SB1484 (Related) 2009-07-21 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7785)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/5915/all-info
Text	https://www.congress.gov/111/bills/hr5915/BILLS-111hr5915ih.pdf