The bill would require payments for specified insurance policies to be deducted from an individual’s income and resources when determining eligibility for, or the amount of, benefits or assistance under federally funded programs. Covered policies would include passenger motor-vehicle insurance, certain homeowner or renter insurance, and flood insurance for a principal residence, including specified private and supplemental policies. The requirement would apply to federal programs and state or local programs financed in whole or in part with federal funds.

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