US SB1486 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 21 2009 - 25% progression, died in chamber
Action: 2009-07-21 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7789-7790)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 21 2009 - 25% progression, died in chamber
Action: 2009-07-21 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7789-7790)
Text: Latest bill text (Introduced) [PDF]
Summary
Policyholder Disaster Protection Act of 2009 - Amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods.
Title
Policyholder Disaster Protection Act of 2009
Sponsors
| Sen. Mel Martinez [R-FL] | Sen. Bill Nelson [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-07-21 | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7789-7790) | |
| 2009-07-21 | Sponsor introductory remarks on measure. (CR S7784-7785) |
Same As/Similar To
HB998 (Related) 2009-02-11 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Disaster relief and insurance
Income tax deductions
Insurance industry and regulation
Natural disasters
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1486/all-info |
| Text | https://www.congress.gov/111/bills/s1486/BILLS-111s1486is.pdf |
