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HR 313 118th Congress House Taxation Bank accounts, deposits, capital Business expenses Disaster relief and insurance Emergency medical services and trauma care Employee benefits and pensions Health care costs and insurance Income tax deductions Income tax exclusion Infectious and parasitic diseases Inflation and prices Property tax Public utilities and utility rates Small business Unemployment Wages and earnings

Small Business Emergency Savings Accounts Act of 2023

Introduced: January 12, 2023 Introduced by: Cloud, Michael Republican · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jan 12, 2023
Referred to the House Committee on Ways and Means.
Jan 12, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Emergency Savings Accounts Act of 2023

This bill allows a new tax deduction from gross income for amounts paid into a small business emergency savings account. Such savings accounts are established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary.

The bill defines qualified disaster and public health emergency expenses as disaster loss replacement expenses, disaster recovery operations expenses, and public health emergency expenses.

What's happening now January 12, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 313: Small Business Emergency Savings Accounts Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-313/
MLA
"H.R. 313: Small Business Emergency Savings Accounts Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-313/.
Bluebook (legal)
H.R. 313, 118th Cong. (2026), https://openamerica.io/bill/118-HR-313/.
Markdown link
[H.R. 313: Small Business Emergency Savings Accounts Act of 2023](https://openamerica.io/bill/118-HR-313/)
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