Bills · S 2313
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2313Taxation
Flood Insurance Relief Act
INTRO JUL 16· LAST ACTION JUL 16
READING
3MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly addresses the financial burden of flood insurance, which can be substantial for many homeowners, especially as climate change leads to more frequent and severe weather events. If this bill becomes law, eligible individuals will pay less in taxes, effectively reducing the net cost of their flood insurance premiums. This financial relief could make it more feasible for people in flood-prone areas to maintain or acquire necessary insurance coverage.
Without this bill, homeowners would continue to pay the full, unsubsidized cost of flood insurance without this particular tax benefit. This bill could encourage more homeowners to get flood insurance, helping them recover more easily from flood damage and potentially reducing the need for federal disaster aid in the long run. It also reflects a policy choice about how the government can support property owners in vulnerable areas.
KEY PROVISIONS
4AI-extractedPROVISION 01
Creates an "above-the-line" deduction for qualified flood insurance premiums.
This makes the deduction available to more taxpayers and can have a greater impact on their tax liability compared to a standard itemized deduction.
PROVISION 02
The deduction is available for both federal and private flood insurance premiums, as well as certain fees and surcharges.
This broadens the types of flood insurance costs that homeowners can deduct, providing comprehensive relief.
PROVISION 03
Establishes income limitations, making the deduction available only to individuals with an adjusted gross income of $200,000 or less, or joint filers with $400,000 or less.
This targets the tax benefit to middle- and lower-income homeowners, ensuring that those who may need the financial relief most are prioritized.
PROVISION 04
The deduction applies to flood insurance premiums paid for property owned by the taxpayer.
This clarifies whose premiums are eligible, focusing on direct property owners.
SPONSORSHIP
1 + 1
R· Florida
YRS IN OFFICE
7
BILLS LED
184
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSJUL 16
Introduced in Senate
JUL 16
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 2313
Congress119th
StatusIn Committee
IntroducedJul 16, 2025
Last actionJul 16, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED JUL 16, 2025
Senate BillS 2313Taxation
Flood Insurance Relief Act
INTRODUCED JUL 16, 2025· LAST ACTION JUL 16, 2025
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
1
COMPLEXITY
Moderate
