HR 1070
Restoring Competitive Property Insurance Availability Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:48 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to help property insurance companies recover after federally declared disasters by excluding a portion of their income from taxation. Specifically, it provides a temporary tax break for insurance companies that provide real property insurance in disaster areas for up to five years following a disaster’s declaration. This exclusion applies to the excess of premiums received over deductible expenses related to those policies. The bill is designed to encourage insurance companies to continue offering coverage in affected areas.
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