Catastrophe Savings Accounts Act of 2010
Latest action · Jul 28, 2010 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 28, 2010
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Catastrophe Savings Accounts Act of 2010 - 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).
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jul 28, 2010 to Jul 30, 2010, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Ileana Ros-Lehtinen | Original | Jul 28, 2010 |
| R-FL | Lincoln Diaz-Balart | Original | Jul 28, 2010 |
| R-TX | Ron Paul | Original | Jul 28, 2010 |
| R-FL | Mario Diaz-Balart | Jul 30, 2010 |
Actions 2
Everything that happened, newest first.
- Jul 28, 2010Introduced in House
- Jul 28, 2010Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1484 | Catastrophe Savings Accounts Act of 2009 | Related bill | Jul 21, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 28, 2010Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
