Department of the Interior, Environment, and Related Agencies Appropriations Act, 2018
Floor Speech
Issues: Environment Housing and Property
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Mr. Chairman, I rise in support of the en bloc amendment which contains an amendment offered by myself and the gentleman from Connecticut (Mr. Larson), which directs that funding at the Department of the Treasury shall be used to develop a revenue procedure related to a deduction for casualty losses for homes that are suffering crumbling foundations in north-central and eastern Connecticut and western Massachusetts. It is related to a pyrrhotite material which cropped up in a quarry that was used for aggregate in concrete foundations and is sweeping the area. Thousands of homes are affected by it.
Mr. Larson and I are actively working with Treasury Secretary Mnuchin for this purpose.
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