House bill · 119th Congress · Latest step: Introduced

CART Act of 2025

H.R. 1481Introduced Feb 21, 2025Policy area: Taxation

Official title: To amend the Internal Revenue Code of 1986 to establish a system for the taxation of catastrophic risk transfer companies to ensure sufficient capital to cover catastrophic insurance losses, and for other purposes.

Sponsor: Rep. Darin LaHood R-IL

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Where it went

IntroducedFeb 21, 2025
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Feb 21, 2025 — Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Cost and committee reports

Official records Congress.gov attaches to H.R. 1481.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. LaHOOD, as printed in the Congressional Record (Vol. 171, No. 35, February 21, 2025, Page H730):
U.S. Constitution Article I, Section 8, Clause 1: ``The Congress shall have Power to lay and collect Taxes''
Source: Congress.gov, Congressional Record February 21, 2025 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
108 characters
Congress.gov bill record
H.R. 1481, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/1481
Record last updated by Congress.gov
May 7, 2025
PORKER copy retrieved
September 13, 2026
Stored copy, SHA-256 of the file
48116398f6dbe461c3dbab5cb504a9b13b2c6ade56516a9845f63e804a072008
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of May 7, 2025). Not every bill gets one.

Sent to: Judiciary Committee, Ways and Means CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 1481, last updated May 7, 2025. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

2 cosponsors — 2 Democrats

2 of 2 cosponsors (100%) are from the other party.

James Himes (D-CT), Brittany Pettersen (D-CO).

More from the sponsor

Other 119th Congress bills sponsored by Rep. Darin LaHood.

Sponsor’s state and district

Illinois in Congress · IL-16 district

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Data as of Sep 14, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.