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United States · Bill · HR

H.R. 1787 (110th)

Catastrophe Savings Accounts Act of 2007

referredUnited States· United States Congress· EN

Introduced

29 March 2007

Last action

29 March 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Feeney, Tom [R-FL-24], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Diaz-Balart, Mario [R-FL-26], Rep. Keller, Ric [R-FL-8], Rep. Miller, Jeff [R-FL-1], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Mack, Connie [R-FL-14], Rep. Paul, Ron [R-TX-14], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Hensarling, Jeb [R-TX-5], Rep. Diaz-Balart, Lincoln [R-FL-21], Rep. Wexler, Robert [D-FL-19]

Subjects

Taxation

Source updated

10 December 2025

Taxation

Summary

Catastrophe Savings Accounts Act of 2007 - 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).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 March 2007

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 29 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 29 March 2007

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 29 March 2007

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 29 March 2007

    Open at official source

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Sponsors

Related records

Sources

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