United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 R cosponsors

S 3497 — Shelter Act

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 16, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

7 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds a new tax credit for disaster mitigation expenditures to the Internal Revenue Code.

  • Section 25G

    disaster mitigation expenditures.

    This section establishes a credit against tax for individuals who make qualified disaster mitigation expenditures.

  • Section 25G(a)(1)

    there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 25 percent of the qualified disaster mitigation expenditures made by the taxpayer during such taxable year.

    This change allows individuals to claim a tax credit of 25% of their qualified disaster mitigation expenditures.

  • Section 25G(a)(2)

    the credit allowed to a taxpayer under paragraph (1) for any taxable year shall not exceed $3,750 (or, in the case of a joint return, $7,500).

    This establishes annual limits on the disaster mitigation tax credit for individuals.

  • Section 25G(a)(3)

    the credit allowed under paragraph (1) with respect to a qualified dwelling unit of the taxpayer for any taxable year shall not exceed the excess (if any) of $15,000 over the aggregate credits allowed under such paragraph with respect to such qualified dwelling unit for all prior taxable years ending after December 31, 2025.

    This change sets a cumulative limit on the credits that can be claimed for a particular dwelling unit.

  • Section 25G(b)(1)

    the amount of the credit allowed under subsection (a)(1) for the taxable year shall be reduced (but not below zero) by an amount which bears the same ratio to the amount under such subsection as-- the amount (not less than zero) equal to the adjusted gross income of the taxpayer for such taxable year minus $100,000, bears to $50,000.

    This adjustment means the credit will phase out for higher-income taxpayers.

  • Section 25G(c)(1)

    the term `qualified disaster mitigation expenditure' means an expenditure relating to a qualified dwelling unit-- for property to--... any other hazard mitigation activity which has been identified by the Secretary, in consultation with the Administrator of the Federal Emergency Management Agency.

    This defines what constitutes a qualified disaster mitigation expenditure, including various improvements to dwelling units.

  • Section 25G(c)(2)

    the term `qualified dwelling unit' means a dwelling unit which is located-- in the United States or in a territory of the United States, and in an area-- which, during the taxable year or the period of the 5 taxable years preceding such taxable year, has received hazard mitigation assistance...which has been designated as a community disaster resilience zone.

    This specifies the criteria for a dwelling unit to qualify for the tax credit, including being in a designated disaster resilience zone.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 3497?
S 3497 is sponsored by Bennet, Michael F. (Democratic) and Cassidy, Bill (Republican).
What is the current status of S 3497?
This bill is in committee in the Senate. Introduced December 16, 2025. It must pass committee before a floor vote.
Where can I track S 3497?
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