From: The Honorable Dennis A. Ross
Sent By:
Bill: H.R. 2230
Date: 5/12/2015

Cosponsor H.R. 2230, the Disaster Savings Accounts Act:
Protect Homeowners and Taxpayers Against Future Unforeseen Disasters

Dear Colleague:
We must take steps to ensure our nation’s future prosperity, and this means less reliance on government funding and more personal accountability in protecting ourselves and our families against future unforeseen expenses, from health care to our homes and businesses.
For the period FY2000-FY2013, a total of 844 major disasters were declared, resulting in $123.2 billion in total obligations from the Disaster Relief Fund. By affording Americans a tax-preferred savings account that may be used to pay for pre- and post-disaster related expenses, the Disaster Savings Accounts Act (H.R. 2230) will facilitate less reliance on federally-funded post-disaster rebuilding efforts. I invite all of my colleagues to cosponsor the Disaster Savings Accounts (DSA) Act.
How is the DSA handled for tax purposes?
Provides an annual tax deduction for homeowners AND renters equivalent to the amount of funds deposited into a DSA, up to $5,000 per year, to be used only for qualified DSA expenses
Allows unused funds to roll over from one year to the next, accumulating over time.
Will the DSA Act really save federal dollars?
Yes! An independent study by the National Institute of Building Sciences and the Multi-hazard Mitigation Council showed that for every $1 of pre-disaster mitigation expenditures, the federal government saves up to $4 in future disaster-related expenses.
What expenses are allowed from a DSA?
Fortification AND recovery expenses are qualified before and after a natural disaster event; for example, storm/shatter-proof shutters or windows, home generators, and reinforced walls, to name a few. Account funds are also qualified for use toward personal property losses in and around the home, resulting from a natural disaster, not otherwise covered by insurance; this includes natural disaster damage caused by floods and sinkholes.
Who is eligible to have a DSA?
Any homeowner or renter residing within the U.S. has the opportunity to have a DSA.
Supporting Organizations:
Nat’l Assn. of Insurance Commissioners (NAIC); American Insurance Assn. (AIA), Lowe’s, Federal Alliance for Safe Homes (FLASH), National Assn. of Mutual Insurance Companies (NAMIC), Reinsurance Assn. of America (RAA), Farmer’s Insurance
SmarterSafer.Org – encompasses more than 30 organizations and companies
For questions or to cosponsor the DSA Act, please contact Tim Cummings in my office at 5-1252 or

Rep. Dennis A. Ross (FL-15)