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    <number>3116</number>
    <updateDate>2023-01-13T04:48:10Z</updateDate>
    <updateDateIncludingText>2023-01-13T04:48:10Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2006-05-25</introducedDate>
    <congress>109</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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          <item>
            <name>Referred to</name>
            <date>2006-05-25T21:51:31Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <relatedBills>
      <item>
        <title>Policyholder Disaster Protection Act of 2005</title>
        <congress>109</congress>
        <number>2668</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2005-05-26</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
        </latestAction>
        <relationshipDetails>
          <item>
            <type>Identical bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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    <actions>
      <item>
        <actionDate>2006-05-26</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S5332-5333)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2006-05-25</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
        </committees>
        <sourceSystem>
          <name>Senate</name>
        </sourceSystem>
        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5236-5237)</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2006-05-25</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>N000032</bioguideId>
        <fullName>Sen. Nelson, Bill [D-FL]</fullName>
        <firstName>CLARENCE</firstName>
        <lastName>NELSON</lastName>
        <party>D</party>
        <state>FL</state>
        <middleName>WILLIAM</middleName>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Bank accounts</name>
        </item>
        <item>
          <name>Casualty insurance</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Disaster insurance</name>
        </item>
        <item>
          <name>Earthquakes</name>
        </item>
        <item>
          <name>Emergency Management</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Floods</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Insurance companies</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Losses</name>
        </item>
        <item>
          <name>Property insurance</name>
        </item>
        <item>
          <name>Reinsurance</name>
        </item>
        <item>
          <name>Storms</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
        <item>
          <name>Trusts and trustees</name>
        </item>
        <item>
          <name>Tsunamis</name>
        </item>
        <item>
          <name>Volcanoes</name>
        </item>
        <item>
          <name>Water Resources Development</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2006-05-25</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-06-09T18:23:34Z</updateDate>
        <text><![CDATA[ Policyholder Disaster Protection Act of 2006 - 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.]]></text>
      </summary>
    </summaries>
    <title>Policyholder Disaster Protection Act of 2006</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Policyholder Disaster Protection Act of 2006</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from future catastrophic events.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Policyholder Disaster Protection Act of 2006</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2006-05-25T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-109s3116is/xml/BILLS-109s3116is.xml</url>
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      </item>
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    <latestAction>
      <actionDate>2006-05-26</actionDate>
      <text>Sponsor introductory remarks on measure. (CR S5332-5333)</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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