Disaster Savings and Resilient Construction Act of 2020
Latest action · Aug 7, 2020 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.
- IntroducedAug 7, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Disaster Savings and Resilient Construction Act of 2020
This bill allows a tax credit through 2022 for certain residential or commercial buildings owned by a taxpayer in a disaster area that are designed and constructed to meet resilient construction requirements. The bill defines resilient construction requirements as requirements with respect to buildings in a disaster area that make such buildings resistant to hazards brought on by a major disaster, reduce the duration of a disruptive event, and have the capacity to withstand a potentially disruptive event.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Aug 7, 2020 to Oct 23, 2020; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Mario Diaz-Balart | Original | Aug 7, 2020 |
| D-OR | Peter A. DeFazio | Original | Aug 7, 2020 |
| R-NY | Tom Reed | Original | Aug 7, 2020 |
| D-DC | Eleanor Holmes Norton | Oct 23, 2020 | |
| D-CA | Julia Brownley | Oct 23, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Aug 7, 2020 |
Actions 2
Everything that happened, newest first.
- Aug 7, 2020Introduced in House
- Aug 7, 2020Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 141, August 7, 2020, page H4226.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1984 | Disaster Savings and Resilient Construction Act of 2021 | Reintroduced Bill | Mar 17, 2021 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to provide a credit for owning certain disaster resilient property.
- Short Title(s) as Introduced
- Disaster Savings and Resilient Construction Act of 2020
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Aug 7, 2020Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
