3.0.0 1101 2022-11-15T16:34:08Z 2022-11-15T16:34:08Z House H HR 2013-03-12 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SIRES:H.R. 1101.Congress has the power to enact this legislation pursuantto the following:Pursuant to clause 3(d)(1) of rule XIII of the Rules of theHouse of Representatives, the Committee finds the authorityfor this legislation in article I, section 8 of theConstitution.[Page H1359]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2013-03-13T14:18:37Z Referred to 2013-03-12T16:01:45Z hsba00 Financial Services Committee House Standing Referred to 2013-03-12T16:01:40Z 2013-03-13 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Committee 2013-03-12 Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, 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. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2013-03-12 Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-03-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-03-12 Introduced in House IntroReferral 1000 9 Library of Congress S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 N T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2013-03-20 False 2013-04-15 A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2013-06-17 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2013-07-09 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2013-07-11 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2013-08-02 False I000057 Rep. Israel, Steve [D-NY-3] STEVE ISRAEL D NY 3 2013-09-11 False Emergency Management Administrative law and regulatory procedures Advisory bodies Building construction Department of the Treasury Disaster relief and insurance Emergency planning and evacuation Executive agency funding and structure Government lending and loan guarantees Government trust funds Housing industry and standards Interest, dividends, interest rates Land use and conservation Life, casualty, property insurance Natural disasters Public-private cooperation State and local government operations Emergency Management 00 2013-03-12 Introduced in House 2013-05-01T19:56:35Z Homeowners and Taxpayers Protection Act of 2013 - Directs the Secretary of the Treasury to establish the National Commission on Natural Catastrophe Preparation and Protection to advise the Secretary regarding the estimated loss costs associated with reinsurance protection contracts.

Requires the Secretary to implement a program that utilizes premiums from eligible state or multi-state plans to pre-fund future natural catastrophe recovery by making available for purchase, only by such plans, contracts for reinsurance coverage.

Requires such contracts to cover insured property losses covered under primary insurance contracts to homeowners, mobile home owners, renters, and condominium owners for specified natural catastrophic events.

Prescribes requirements for the operation of state plans and the terms of reinsurance contracts.

Encourages states to create and maintain catastrophe funds for themselves or with other states.

Sets forth requirements for the treatment of insured losses and maximum federal liability.

Establishes in the Treasury the Catastrophe Preparedness Fund, consisting of contract sales receipts and any amounts borrowed or earned, which shall be used to pay Commission administrative costs and loss payments under reinsurance contracts. Prohibits the authorization or appropriation of federal funds for the Fund or for implementing the reinsurance liquidity protection program.

Establishes a post-catastrophe market stabilization program for liquidity loans to: (1) expedite payment of claims under state catastrophe insurance programs, (2) authorize the Secretary to issue loans to assist financial recovery from significant natural catastrophes, and (3) promote the availability of private capital to state catastrophe insurance programs in order to provide liquidity and capacity.

Establishes the National Readiness, Preparedness and Mitigation Committee to administer a Readiness, Preparedness, and Mitigation Grant Program of grants to state and local governments, nonprofit organizations, and other appropriate public and private entities to develop programs and initiatives to improve catastrophe response, citizen preparedness and protection, and prevention and mitigation of losses from natural catastrophes.

]]> Homeowners and Taxpayers Protection Act of 2013 Display Title Homeowners and Taxpayers Protection Act of 2013 Short Titles as Introduced Homeowners and Taxpayers Protection Act of 2013 Official Title as Introduced To strengthen America's financial infrastructure, by requiring pre-funding for catastrophe losses using private insurance premium dollars to better prepare and protect homeowners from natural catastrophes and to protect taxpayers from massive bailouts, and to provide dedicated funding from insurance premiums to improve catastrophe preparedness, loss prevention and mitigation, and to improve the availability and affordability of private market homeowners insurance coverage for catastrophic events, and for other purposes. Introduced in House 2013-03-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1101ih/xml/BILLS-113hr1101ih.xml 2013-03-13 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.