CONGRESS: Memorializes the United States Congress to take such actions as are necessary to pass legislation allowing taxpayers to establish tax-advantaged catastrophe savings accounts for disaster-related expenses

2026 Regular Session Introduced by Gabe Firment

The bill urges Congress to create federal tax-advantaged catastrophe savings accounts for disaster-related expenses.

Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.

Summary of HR 369 (2026) – Louisiana

Purpose and intent

The bill requests that the United States Congress pass legislation to establish tax-advantaged catastrophe savings accounts (CSAs) that taxpayers can use for disaster-related expenses. In effect, it memorializes Congress to enact a federal framework enabling individuals to save money on a tax-advantaged basis specifically for costs arising from disasters.

Key provisions and changes (as described)

Establishment of tax-advantaged catastrophe savings accounts for disaster-related expenses.

Provision of a mechanism to allow taxpayers to contribute to these CSAs with favorable tax treatment (details such as contribution limits, tax deductions/deferrals, and eligible expenditures would be defined in the federal legislation memorialized by this bill’s request, though those specifics are not enumerated in the Louisiana measure itself).

The bill does not itself create or modify tax policy at the state level but urges federal action to permit or establish such accounts nationwide.

Who or what would be affected

Individual taxpayers who experience disaster-related expenses and choose to use a CSA for reimbursements or covered costs.

The broader U.S. tax policy landscape would be influenced if Congress enacts the proposed legislation, potentially affecting tax-advantaged savings vehicles and disaster cost planning.

State administration in Louisiana may indirectly be affected through residents’ changed financial planning and any accompanying administrative guidance or compliance considerations if CSAs were implemented nationally.

Procedural and timeline aspects

The bill has been introduced and, as of the latest action history, was read by title and lies over under the rules (May 28, 2026).

The measure is a memorial urging federal action; it does not itself create policy but requests congressional enactment of a policy framework.

The action history indicates no immediate passage or state-level implementation steps; rather, it signals Louisiana’s legislative support for federal consideration of CSA policy.

Additional context

Co-sponsor: Representative Gabe Firment.

The bill is positioned as a memorial to Congress, aiming to influence federal legislation rather than to enact state-level program components.

If enacted, CSAs would represent a new or expanded category of tax-advantaged savings accounts dedicated to disaster preparedness and recovery expenditures; specifics would depend on the language enacted by Congress.

If you’d like, I can compare this bill to existing federal or state discount/tax-advantaged savings mechanisms (e.g., HSAs, 529 plans) and outline potential similarities, differences, and likely implementation considerations.