S. 93: Investment Savings Access After Catastrophes Act of 2013

Introduced:
Jan 23, 2013 (113th Congress, 2013–2015)
Sponsor:
Sen. David Vitter [R-LA]
Status:
Referred to Committee
See Instead:

H.R. 453 (same title)
Referred to Committee — Feb 04, 2013

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was assigned to a congressional committee on January 23, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jan 23, 2013
Referred to Committee Jan 23, 2013
Reported by Committee ...
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

0% chance of getting past committee.
0% chance of being enacted.

Only 12% of Senate bills made it past committee and only 2% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to provide tax relief with respect to the Hurricane Isaac disaster area.

Summary

No summaries available.

Text

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Last updated Jan 23, 2013.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/23/2013--Introduced.
Investment Savings Access After Catastrophes Act of 2013 - Defines "Hurricane Isaac disaster area" for purposes of this Act as any parish or county of Louisiana or Mississippi in an area in which a major disaster has been declared before September 10, 2012, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of Hurricane Isaac. Provides for tax preferences in the Hurricane Isaac disaster area, including:
(1) suspension of limitations on the tax deduction for personal casualty losses,
(2) an extension of the carryback period for net operating losses, and
(3) tax-free distributions from a retirement plan made on or after August 26, 2012, and before September 11, 2014, to an individual whose principal place of abode on August 26, 2012, was located in the Hurricane Isaac disaster area and who sustained an economic loss due to Hurricane Isaac. Rescinds unobligated funds in an amount equal to the reduction in revenues resulting from the enactment of this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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