United States · Bill · S
S. 927 (110th)
Catastrophe Savings Accounts Act of 2007
Introduced
20 March 2007
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3363-3364)
Sponsors
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Subjects
Discovery layer
Source updated
10 December 2025
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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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 20 March 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 20 March 2007
Introduced in Senate
summary · EN · 20 March 2007
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/927
- Open data entity: https://api.congress.gov/v3/bill/110/s/927