# 116-hr-8657: Emergency Savings Accounts Act of 2020

116-hr-8657, Emergency Savings Accounts Act of 2020, is a 116th Congress bill sponsored by Rep. Cloud, Michael [R-TX-27] (R-TX); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8657
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8657
- Congress: 116
- Title: Emergency Savings Accounts Act of 2020
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-10-23
- Sponsor: Rep. Cloud, Michael [R-TX-27] (R-TX)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Emergency Savings Accounts Act of 2020 This bill allows an individual taxpayer occupying a residence a deduction from gross income for up to $5,000 of amounts paid into such taxpayer's emergency savings account. The bill defines emergency savings account as an account established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health emergency expenses as disaster mitigation expenses, disaster recovery expenses, public health emergency expenses, and unemployment-related expenses.

## Cosponsors (3)

- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX), 2020-10-23T00:00:00.000Z
- Rep. Gohmert, Louie [R-TX-1] (R-TX), 2020-10-23T00:00:00.000Z
- Rep. King, Steve [R-IA-4] (R-IA), 2020-10-23T00:00:00.000Z

## Related bills

- 116-hr-8656: Small Business Emergency Savings Accounts Act of 2020
- 116-hr-8353: Women’s Public Health and Safety Act
- 116-hr-6742: Protecting Life in Crisis Act
- 116-hr-6338: Pandemic Healthcare Access Act
- 116-hr-3495: Improve Well-Being for Veterans Act
- 116-hr-748: CARES Act

## Sources
- [116-hr-8657 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8657)

## Related
- [116-hr-8656: Small Business Emergency Savings Accounts Act of 2020](https://policyrisk.com/legislation/116-hr-8656)
- [116-hr-8353: Women’s Public Health and Safety Act](https://policyrisk.com/legislation/116-hr-8353)
- [116-hr-6742: Protecting Life in Crisis Act](https://policyrisk.com/legislation/116-hr-6742)
- [116-hr-6338: Pandemic Healthcare Access Act](https://policyrisk.com/legislation/116-hr-6338)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [116-hr-748: CARES Act](https://policyrisk.com/legislation/116-hr-748)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8657 (as of 2025-11-18).