Here is a round-up of legislative updates for the U.S. House, New York, Ohio and more. Here is a round-up of legislative updates for the U.S. House, New York, Ohio and more.

Editor's Note: At the start of each month, we publish insurance legislative and regulatory news and updates from around the nation.

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National updates

Disaster Savings and Resilient Construction Act of 2020The was introduced by U.S. Reps. Bill Pascrell (D-N.J.), Tom Reed (R-N.Y.), Peter DeFazio (D-Ore.) and Mario Diaz-Balart (R-Fla.). The legislation would establish a tax credit to incentivize home and business owners to build or rebuild to higher construction standards after a natural disaster. The tax credit offered is valued up to $3,000 for homes and $25,000 for businesses.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].