To extend the National Flood Insurance Program through November 21, 2025.

House Bill

H.R. 5574

119th Congress

To extend the National Flood Insurance Program through November 21, 2025.

In Committee

Introduced:Sep 26, 2025

Primary Sponsor

Eric A. "Rick" Crawford

Representative

Republican

AR-1

Cosponsors

1

Quick Stats

Policy Area

Taxation

Summary

This bill would raise the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. This means people would have to report smaller amounts of these payments to the IRS.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorEric A. "Rick" Crawford (R-AR)

Introduced9/26/2025

StatusReferred to the House Committee on Financial Services.

ChamberHouse

Data from Congress.gov

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Vote Prediction

To extend the National Flood Insurance Program through November 21, 2025.

This bill would raise the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. This means people would have to report smaller amounts of these payments to the IRS.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would raise the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. This means people would have to report smaller amounts of these payments to the IRS.

Bill Number: 5574
Sponsor: Eric A. "Rick" Crawford (R-AR)
Introduced: 9/26/2025
Status: Referred to the House Committee on Financial Services.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To extend the National Flood Insurance Program through November 21, 2025.
Bill Number: 5574
Sponsor: Eric A. "Rick" Crawford (R-AR)
Status: Referred to the House Committee on Financial Services.
Introduced: 9/26/2025
Summary: This bill would raise the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. This means people would have to report smaller amounts of these payments to the IRS.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would raise the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. This means people would have to report smaller amounts of these payments to the IRS.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Natural Disaster Property Protection Act of 2023 This bill increases from $600 to $5,000 the dollar threshold for information reporting of payments for qualified natural disaster expenses.

Key Points

Main provisions of the bill

Increases the reporting threshold for qualified natural disaster expense payments from $600 to $5,000
This would mean people would have to report smaller amounts of these payments to the IRS
The goal is to reduce the administrative burden for individuals and businesses affected by natural disasters

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would primarily affect individuals and businesses that receive payments related to natural disaster expenses, such as for home repairs or lost income. Raising the reporting threshold would mean they would have to report and document fewer of these payments to the IRS, potentially saving them time and hassle.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5574, 119th Congress (2025). "To extend the National Flood Insurance Program through November 21, 2025.". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5574