S 1914 · 106th Congress · Taxation

Policyholder Disaster Protection Act of 1999

Introduced 1999-11-10· Sponsored by Sen. Mack, Connie, III [R-FL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1999-11-10)

Plain Language Summary

[AI summary unavailable — showing source text] 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. Imposes a penalty tax on certain drawdowns from such funds.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Hutchison, Kay Bailey [R-TX]TX