Disaster Tax Package

Floor Speech

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Ms. TOKUDA. Mr. Speaker, I share Representative LaMalfa's appreciation that last night the Senate finally unanimously passed the bipartisan Federal Disaster Tax Relief Act, sending it to the President's desk.

This bill includes language that I introduced over a year ago to help Maui fire victims deduct their disaster-related losses and keep money in their pockets. This bill will also exempt wildfire disaster settlement payments from being taxed.

As Maui and other fire-impacted communities across the country focus on their recoveries, they deserve certainty that the financial relief they receive will go entirely to them and to their ``family,'' ``ohana.''

For months, this bill and the financial relief it provides to our Maui ``family,'' ``ohana,'' have been among my top priorities in Congress. I am proud to have been part of a majority in the House in signing a discharge petition, forcing a vote on this bill, and passing it overwhelmingly back in May, where it has remained with the Senate.

I am grateful to have been part of this bipartisan effort with my friends: Congressmen Greg Steube, Doug LaMalfa, and Mike Thompson. While this has been a long journey together, I am proud we have gotten this over the finish line, and I hope President Biden will sign this bill into law as soon as possible.

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