H.R. 6261 would increase the maximum amount of financial assistance that an individual or household is eligible to receive under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in connection with recent storm damage and flooding in the Midwest.

== Detailed Summary ==

<summary>
(LogMidwest Storm Victim Relief Act of 2008 - Directs the President, in providing financial assistance to editindividuals and households in connection with major disasters declared for storm damage and flooding in Indiana, Iowa, Minnesota, and Wisconsin from May 26-June 15, 2008, to double the wikimaximum assistance available under the Robert T. Stafford Disaster Relief and beEmergency Assistance Act.

Amends the firstInternal Revenue Code to provide a detailed summarysuspend certain limitations on personal casualty losses attributable to major disasters declared for such storm damage and flooding. Excludes from gross income, for purposes of the bill!)Code, any amount received as compensation for a loss for which a deduction is allowed by reason of such a declaration if such compensation is received in a subsequent taxable year.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 6/13/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
</status>

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== Points in Favor ==

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== Points Against ==

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