# 119-hr-1070: Restoring Competitive Property Insurance Availability Act

119-hr-1070, Restoring Competitive Property Insurance Availability Act, is a 119th Congress bill sponsored by Rep. Higgins, Clay [R-LA-3] (R-LA); status introduced; PRIA reads it as touching household money (as of 2026-07-02).

- Canonical: https://policyrisk.com/legislation/119-hr-1070
- As of: 2026-07-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1070
- Congress: 119
- Title: Restoring Competitive Property Insurance Availability Act
- Status: introduced
- Introduced: 2025-02-06
- Sponsor: Rep. Higgins, Clay [R-LA-3] (R-LA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-02

## Summary

**Creates a five-year tax exclusion to encourage non-life insurers to keep offering property insurance in federally declared disaster areas.** It would let qualifying insurers exclude certain net premiums from gross income during the recovery period following a disaster. - Insurers: Non-life insurers that covered property in the disaster area before the incident date could exclude a portion of their net premiums for up to five taxable years, lowering taxable income for those policies. - Households and property owners: By targeting insurer tax relief, the bill aims to encourage continued or expanded availability of property insurance after disasters, which can ease coverage gaps in affected communities. - Scope and timing: The exclusion applies to real property insurance (including certain personal property on the same policy) for disaster areas with incident dates after December 31, 2024, and runs for the first five taxable years ending after the incident date.

## Provisions PRIA read

- Lower taxes for property insurers after disasters: benefit, high. If enacted, non-life property insurers that already covered buildings in a federally declared disaster area would get a tax exclusion. For each of the first five tax years after the incident date, they would not count as income the premiums for that area minus the deductions tied to those premiums.…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-5484: National Flood Insurance Program Reauthorization and Reform Act of 2025
- 119-hr-8324: Great American Healthcare Plan
- 119-hr-9200: Secure the Border Act of 2026
- 119-hr-9199: Permanent Trump Secure Border Act
- 119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026

## Sources
- [119-hr-1070 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1070)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-5484: National Flood Insurance Program Reauthorization and Reform Act of 2025](https://policyrisk.com/legislation/119-hr-5484)
- [119-hr-8324: Great American Healthcare Plan](https://policyrisk.com/legislation/119-hr-8324)
- [119-hr-9200: Secure the Border Act of 2026](https://policyrisk.com/legislation/119-hr-9200)
- [119-hr-9199: Permanent Trump Secure Border Act](https://policyrisk.com/legislation/119-hr-9199)
- [119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-8206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1070 (as of 2026-07-02).