Doug LaMalfa Protect Innocent Victims of Taxation After Fire Extension Act
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
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
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?
- "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