Federal Disaster Responsibility Act

This bill appropriates $16.5 billion for disaster relief under the Robert T. Stafford Act, funding federal assistance for major disasters declared between 2021-2023. It provides tax relief to individuals in designated disaster areas who suffered property losses, modifying casualty loss rules to increase standard deductions and adjust thresholds for deductible losses. The tax provisions apply only to areas affected by disasters not solely tied to COVID-19 or covered by prior relief acts, and include special payments for U.S. territories with mirror tax systems. The bill also includes minor administrative adjustments for agricultural disaster assistance and requires a defense assessment report on Hurricane Idalia damage in Florida.