Catastrophe Savings Accounts Act of 2007

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).

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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

• Introduced in House · 29 March 2007 · Official file

Documents

3 official files

• 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

• Introduced in House

  summary · EN · 29 March 2007

  Open at official source

Sponsors

• Rep. Feeney, Tom [R-FL-24] · R · Sponsor
• Rep. Wasserman Schultz, Debbie [D-FL-25] · D · Sponsor
• Mario Diaz-Balart · R · Sponsor
• Rep. Keller, Ric [R-FL-8] · R · Sponsor
• Rep. Miller, Jeff [R-FL-1] · R · Sponsor
• Rep. Brown-Waite, Ginny [R-FL-5] · R · Sponsor
• Rep. Mack, Connie [R-FL-14] · R · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• ILEANA ROS-LEHTINEN · R · Sponsor
• WALTER JONES · R · Sponsor
• Jeb Hensarling · R · Cosponsor
• Rep. Diaz-Balart, Lincoln [R-FL-21] · R · Cosponsor
• Rep. Wexler, Robert [D-FL-19] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Catastrophe Savings Accounts Act of 2007