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HR 1787 110th Congress House 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

Catastrophe Savings Accounts Act of 2007

Introduced: March 29, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2007
Referred to the House Committee on Ways and Means.
Mar 29, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

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).

What's happening now March 29, 2007

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 927 Related bill Catastrophe Savings Accounts Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Diaz-Balart, Mario
Florida · Mar 29, 2007
 D
Wasserman Schultz, Debbie
Florida · Mar 29, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1787: Catastrophe Savings Accounts Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-1787/
MLA
"H.R. 1787: Catastrophe Savings Accounts Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-1787/.
Bluebook (legal)
H.R. 1787, 110th Cong. (2026), https://openamerica.io/bill/110-HR-1787/.
Markdown link
[H.R. 1787: Catastrophe Savings Accounts Act of 2007](https://openamerica.io/bill/110-HR-1787/)
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