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H.R. 1070

U.S. House•In House Committee

Summary

H.R. 1070, the Restoring Competitive Property Insurance Availability Act, was introduced in the House on Feb 6, 2025 by Rep. Clay Higgins (R). It was referred to Ways And Means, and last saw action on Feb 6, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 1070 has no co-sponsors and has not gone to a roll call.

hb1070/introduced-in-house.txt
119 HR 1070 IH: Restoring Competitive Property Insurance Availability Act
 U.S. House of Representatives
 2025-02-06
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 1070  IN THE HOUSE OF REPRESENTATIVES   February 6, 2025   Mr. Higgins of Louisiana  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing real property insurance following certain federally declared disasters.
1.
Short title
This Act may be cited as the   Restoring Competitive Property Insurance Availability Act  .
2.
Exclusion of certain income from providing real property insurance following certain federally declared disasters
(a)
In general
Part II of subchapter L of  chapter 1  of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
836.
Exclusion of certain income from providing real property insurance following certain federally declared disasters
(a)
In general
In the case of each taxable year in the recovery period, there shall be excluded from the gross income of each specified insurance company the qualified real property insurance income of such company for such taxable year with respect to any disaster area.
(b)
Specified insurance company
For purposes of this section, the term  specified insurance company  means, with respect to any disaster area, any insurance company (other than a life insurance company) which, immediately prior to the incident date with respect to such disaster area, provided real property insurance with respect to property located in such disaster area.
(c)
Qualified real property insurance income
For purposes of this section, the term  qualified real property insurance income  means, with respect to any specified insurance company for any taxable year, the excess of—
(1)
the premiums received by such insurance company for real property insurance with respect to property located in the disaster area, over
(2)
deductions properly allocable to such premiums.
(d)
Real property insurance
For purposes of this section, the term  real property insurance  shall include the coverage of risks associated with personal property if such risks are covered under the same policy that covers risks associated with real property and such personal property is located on such real property.
(e)
Recovery period
For purposes of this section, the term  recovery period  means, with respect to any disaster area, the first 5 taxable years ending after the incident date with respect to such disaster area.
(f)
Disaster area
For purposes of this section, the term  disaster area  has the meaning given such term in section 7508A(d)(3).
(g)
Incident date
For purposes of this section, the term  incident date  means, with respect to any disaster area, the earliest incident date specified in the declaration with respect to such disaster area.
 .
(b)
Clerical amendment
The table of sections for part II of subchapter L of  chapter 1  of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
Sec. 836. Exclusion of certain income from providing real property insurance following certain federally declared disasters.
  .
(c)
Effective date
The amendments made by this section shall apply to disaster areas the incident date (as defined in  section 836(g)  of the Internal Revenue Code of 1986, as added by this section) of which is after December 31, 2024.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-06
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Feb 6, 2025

hb1070/introduced-in-house.md

Shown Here:
Introduced in House (02/06/2025)

Restoring Competitive Property Insurance Availability Act

This bill allows certain insurance companies to temporarily exclude premiums paid for real property insurance on property located in a federally-declared disaster area from the company's gross income for federal tax purposes.

Specifically, under the bill, an insurance company (other than a life insurance company) that provided real property insurance immediately prior to a federally-declared disaster for property located in the disaster area may exclude from gross income (1) the amount of premiums paid for such insurance, minus (2) any tax deductions properly attributed to such premiums. Further, such premiums may be excluded for the first five tax years ending after the date of the disaster.

Sponsors

Rep. Clay Higgins (R) sponsors H.R. 1070 alone.

Clay Higgins

Rep. · R–LA-3 · Sponsor

Committees

H.R. 1070 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 6, 2025 · 1,160 Bills

Actions

H.R. 1070 has taken 2 actions since Feb 6, 2025.

ChamberAction
Feb 6, 2025
House
Introduced in House
Feb 6, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 1070 has not gone to a roll call.

Titles

H.R. 1070 goes by 3 titles, 1 of them short titles.

  • Restoring Competitive Property Insurance Availability Act — Display Title
  • Restoring Competitive Property Insurance Availability Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing real property insurance following certain federally declared disasters. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 133 registered lobbyists who named H.R. 1070 in 21 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Automotive Industry, Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Torts, Transportation, Insurance, Budget/Appropriations, Banking.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION—District of Columbia17—
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia17—
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES—District of Columbia16—
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERSRepresenting companies in the property/casualty insurance marketDistrict of Columbia11$50K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA17—
CHAMBER OF COMMERCE OF THE U.S.A.17—
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES16—
CGCN GROUP, LLC11$50K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 133.

LobbyistFirmsClientsFilings
ABELARDO TORRES117
ANDREA PORWOLL117
ASHLEY GUM117
BRADLEY WATTS117
BRETT HEWITT117
BRINCE MANNING117
BROOKE MILLER117
CASSIA CARVALHO117
CHAD WHITEMAN117
CHANTEL SHEAKS117
CHRISTOPHER CRENSHAW117
CHRISTOPHER EYLER117
CHRISTOPHER GUITH117
CHRISTOPHER ROBERTI117
CLARK JACKSON117
DAN BYERS117
DAVID PEARCE117
DONALD GRIFFIN117
ERIN DELANEY117
ESPERANZA JELALIAN117

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 second_quarter$19.3M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 first_quarter$19.3M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 fourth_quarter$18M4th Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2025 third_quarter$13.7M3rd Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2026 second_quarter$2.1M2nd Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2025 second_quarter$1.7M2nd Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2026 first_quarter$1.4M1st Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2025 third_quarter$1.4M3rd Quarter - Amendme…
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2025 third_quarter$1.4M3rd Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2025 fourth_quarter$1.4M4th Quarter - Report
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATIONAMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA2025 first_quarter$1.3M1st Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2026 second_quarter$540K2nd Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2026 first_quarter$506.4K1st Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2025 fourth_quarter$465.8K4th Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2025 third_quarter$442.1K3rd Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2025 second_quarter$435.7K2nd Quarter - Report
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIESNATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES2025 first_quarter$424.5K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 1070 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1070’s is Taxation.

hr1070/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 1070, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 25 (Thursday, February 6, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HIGGINS of Louisiana:H.R. 1070.Congress has the power to enact this legislation pursuantto the following:Under Article 1, Section 8 of the Constitution, Congresshas the power ``to make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or any Department or Officerthereof''[Page H557]

Source: congress.gov · legiscan.com