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Alex Padilla: “A bill that I've worked on with Senators Tillis, Schiff, and…”

Featuring: Alex Padilla, Democratic | U.S. Senate from California

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Senator Alex Padilla Discusses Climate Change Impact on Insurance and Mortgage Markets

Published | Video Starts at 02:09

… to community wide resilience projects which chairman or ranking member Whitehouse and I have spoken about repeatedly in the insurance context. So I want to take a moment to highlight A bill that I've worked on with Senators Tillis, Schiff, and Cassidy would exempt from federal income taxes the payments from [state-based mitigation] programs. so that our constituents can realize the maximum funding available towards risk mitigation and resilience measures. (02:09–02:31)

CLAIM

Asserts that a proposed bill would exempt certain mitigation program payments from federal income taxes.

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