3.0.0 927 2023-01-11T19:45:43Z 2023-01-11T19:45:43Z Senate S S 2007-03-20 110 ssfi00 Finance Committee Senate Standing Referred to 2007-03-20T19:40:10Z 110 1787 HR 2007-03-29 Referred to the House Committee on Ways and Means. Related bill CRS 2007-03-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3363-3364) IntroReferral 2007-03-20 Sponsor introductory remarks on measure. (CR S3360-3362) IntroReferral B00100 9 Library of Congress 2007-03-20 Introduced in Senate IntroReferral 10000 9 Library of Congress N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM N M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2007-03-20 True Taxation Bank accounts Coinsurance Disasters Emergency Management Finance and Financial Sector Housing and Community Development Income tax Labor and Employment Law Property insurance Saving and investment Tax exclusion Tax penalties Trusts and trustees Taxation

00 2007-03-20 Introduced in Senate 2007-04-02T19:56:01Z 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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Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-03-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s927is/xml/BILLS-110s927is.xml 2007-03-20 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3363-3364) text/xml EN 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. Congressional Research Service, Library of Congress 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.