DOUG LaMALFA FEDERAL DISASTER TAX RELIEF CERTAINTY ACT

On 2026-08-07, Senator Ron Wyden (D-OR) delivered a floor speech titled "DOUG LaMALFA FEDERAL DISASTER TAX RELIEF CERTAINTY ACT" in the Senate.

DOUG LaMALFA FEDERAL DISASTER TAX RELIEF CERTAINTY ACT

Congressional Record, Volume 172 Issue 130 (Friday, August 7, 2026) [Congressional Record Volume 172, Number 130 (Friday, August 7, 2026)] [Senate] [Page S4547] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] DOUG LaMALFA FEDERAL DISASTER TAX RELIEF CERTAINTY ACT Mr. WYDEN. Mr. President, notwithstanding rule XXII, I ask unanimous consent that the Committee on Finance be discharged from further consideration of H.R. 5366 and the Senate proceed to its immediate consideration. The PRESIDING OFFICER. The clerk will report the bill by title. The senior assistant legislative clerk read as follows: A bill (H.R. 5366) to amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires. There being no objection, the committee was discharged, and the Senate proceeded to consider the bill. Mr. WYDEN. Mr. President, I ask unanimous consent that the bill be considered read a third time and passed and that the motion to reconsider be considered made and laid upon the table. The PRESIDING OFFICER. Without objection, it is so ordered. The bill (H.R. 5366) was ordered to a third reading, was read the third time, and passed. Mr. WYDEN. Mr. President and those following the debate, what this is all about is when you lose your home in a wildfire, the last thing you ought to be worried about is being hit by a massive tax bill. The bipartisan disaster relief bill that we just passed would give Oregonians and westerners affected by these blazes some real peace of mind. It would lift the massive tax burden and deliver financial relief to each American impacted by a federally designated natural disaster. It is going to get rid of totally unfair taxes on settlement payments and ensure disaster victims can deduct losses after disasters. That is an issue the Republicans created under Donald Trump in 2017. So, this is an important day for my constituents at home in Oregon and folks in the West because we are taking away what really amounts to a wrecking ball that has been hitting them in terms of the form of a massive tax hit. I urge my colleagues to get the word out about the important relief that has just been passed. I yield the floor. The PRESIDING OFFICER. The Senator from Michigan. ____________________

Referenced legislation: HR5366, HR5366