The bill was reintroduced last month with bipartisan sponsors, but nothing is going anywhere in this Congress.

https://mikethompson.house.gov/newsroom/press-releases/thompson-lamalfa-huffman-mcclintock-reintrodu...

To the extent that it involves property damage, wouldn't it reduce basis before being taxed, perhaps as capital gain?  Is Spidell covering this, now that they have washed the egg off their face from the MCTR confusion?