To amend the Internal Revenue Code of 1986 to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from future catastrophic events.

Summary

Official

Policyholder Disaster Protection Act of 1999 - Amends the Internal Revenue Code to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from certain catastrophic events.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(8/5/99)

Committee

Passed House

Passed Senate

President

Law

Cosponsors (4)

Graham

Senate (R) South Carolina

Calvert

House (R) California

Moran

Senate (R) Kansas

Sessions

House (R) Texas

Latest Action

Referred to the House Committee on Ways and Means.

Aug 5, 1999