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- H.R.8657
H.R.8657: Emergency Savings Accounts Act of 2020
About This Bill
- Introduced Oct. 23, 2020
- Latest Major Action Oct. 23, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Republicans)
Bill Version
- Introduced in House - Oct. 23, 2020
Bill Summary
Emergency Savings Accounts Act of 2020 This bill allows an individual taxpayer occupying a residence a deduction from gross income for up to $5,000 of amounts paid into such taxpayer's emergency savings account. The bill defines emergency savings account as an account established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 23, 2020 |
Referred to the House Committee on Ways and Means.
|
| Oct. 23, 2020 |
Introduced in the House by Michael Cloud (R-Texas) |