HR 440 · in committee · significant
READY Accounts Act
- housing
What this bill does
- Creates tax-deductible savings accounts (READY accounts) for homeowners to pay for disaster mitigation and recovery.
- Affects homeowners who want to save for home hardening or repairs from natural disasters.
- Allows $4,500 annual contributions (inflation-adjusted) with tax-free withdrawals for qualified expenses.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How might READY accounts change disaster preparedness for homeowners who lack upfront capital for mitigation improvements?
- 02
What trade-offs exist between offering tax deductions for disaster savings and other federal spending priorities?
- 03
How would this account structure affect homeowners in high-risk disaster zones versus those in lower-risk areas?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-FL-15
Laurel M. Lee
Citizen cosponsors
0
In Congress
8/ 435
House Reps cosponsoring
Introduced 2025-01-15
Joining the bill
Legislative timeline
2025-01-15 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-15 · IntroReferral
Introduced in House
2025-01-15 · IntroReferral
Introduced in House
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