HR7825-119

In Committee

Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act

119th Congress Introduced Mar 5, 2026

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Labor.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H83117387421C495D886FE0A557EECEBE: 1. Short title This Act may be cited as the Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act.
  • Section HD5B067BDB5AB491BB6F3BF3F62CFBAC4: 2. Exclusion from gross income for compensation for losses or damages resulting from wildfires Part III of subchapter B of chapter 1 of the Internal Revenue...
  • Section HBAD6844DBD384F9891512BF302FFD88C: 139M. Compensation for losses or damages resulting from wildfires Gross income shall not include any amount received by an individual as a qualified wildfire...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Environment, Labor

Primary Purpose

This bill, Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Environment Labor

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers: , ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: , ,
financial institutions, investors, and borrowers: , ,

Legislative Progress

In Committee
Introduced Committee Passed
Mar 5, 2026

Referred to the House Committee on Ways and Means.

Mar 5, 2026

Introduced in House

Mar 5, 2026

Mr. Fong (for himself, Mr. Moore of Utah, Ms. Bynum, …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Environment Labor
Actor Mappings
"federal_implementing_agencies"
→ Federal agencies assigned duties by the bill

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology