Congressman Byron Donalds announces reintroduction of Flood Insurance Relief Act for tax deductions on flood insurance premiums.
Quiver AI Summary
Congressman Byron Donalds has reintroduced legislation aimed at providing tax relief for flood insurance policyholders through the Flood Insurance Relief Act. This bipartisan effort, supported by Senator Rick Scott and others, seeks to create a non-refundable tax deduction for flood insurance premiums, addressing the rising costs faced by Floridians.
“The time for action is now,” said Donalds, emphasizing the importance of affordable insurance options. The bill would allow individuals to deduct premiums from their taxable income, targeting middle-class families to help ease financial burdens.
Currently, flood insurance costs are not tax-deductible under federal law, creating a significant financial strain for many homeowners. This bill is positioned as a necessary step to alleviate issues related to the National Flood Insurance Program (NFIP) and private insurance markets.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Byron Donalds Net Worth
Quiver Quantitative estimates that Byron Donalds is worth $1.5M, as of July 22nd, 2025. This is the 253rd highest net worth in Congress, per our live estimates.
Donalds has approximately $890.6K invested in publicly traded assets which Quiver is able to track live.
You can track Byron Donalds's net worth on Quiver Quantitative's politician page for Donalds.
Byron Donalds Bill Proposals
Here are some bills which have recently been proposed by Byron Donalds:
- H.R.4494: To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums.
- H.R.3667: Strengthening American Nuclear Energy Act
- H.R.3626: International Nuclear Energy Act of 2025
- H.R.3433: WILD Act of 2025
- H.R.2835: Small Bank Holding Company Relief Act
- H.R.2544: Financial Freedom Act of 2025
You can track bills proposed by Byron Donalds on Quiver Quantitative's politician page for Donalds.
Byron Donalds Fundraising
Byron Donalds recently disclosed $74.7K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 670th most from all Q2 reports we have seen this year. 70.8% came from individual donors.
Donalds disclosed $147.6K of spending. This was the 377th most from all Q2 reports we have seen from politicians so far this year.
Donalds disclosed $456.1K of cash on hand at the end of the filing period. This was the 488th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Byron Donalds's fundraising on Quiver Quantitative.
