3.0.0 1351 2023-01-11T13:28:10Z 2023-01-11T13:28:10Z House HR 2015-03-10 114 [Congressional Record Volume 161, Number 40 (Tuesday, March 10, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WILSON of Florida:H.R. 1351.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1. The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States[Page H1626]]]> hsba00 Financial Services Committee House Standing Referred to 2015-03-10T16:01:10Z 2015-03-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-03-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-03-10 Introduced in House IntroReferral 1000 9 Library of Congress W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 N Finance and Financial Sector Accounting and auditing Disaster relief and insurance Government corporations and government-sponsored enterprises Housing finance and home ownership Life, casualty, property insurance Securities Finance and Financial Sector 00 2015-03-10 Introduced in House 2015-03-31T14:11:49Z Homeowners' Defense Act of 2015

Establishes the National Catastrophe Risk Consortium, as a non-federal, non-profit entity, to ensure the availability and affordability of homeowners' insurance coverage for catastrophic events.

Directs the Consortium to: (1) maintain an inventory of catastrophe risk obligations held by state reinsurance funds, state residual insurance market entities, and state-sponsored providers of natural catastrophe insurance; (2) issue, on a conduit basis, securities and other financial instruments linked to catastrophe risks insured or reinsured through Consortium members; (3) coordinate reinsurance contracts; (4) act as a centralized repository of state risk information accessible by certain private-market participants; and (5) establish a database to perform research and analysis that encourages standardization of the risk-linked securities market.

Shields the federal government and the Consortium from liability for Consortium actions.

]]> Homeowners' Defense Act of 2015 Display Title Homeowners' Defense Act of 2015 Official Title as Introduced To establish a State-sponsored national catastrophic risk consortium to ensure the availability and affordability of homeowners' insurance coverage for catastrophic events. Introduced in House IH Short Titles as Introduced Homeowners' Defense Act of 2015 Introduced in House 2015-03-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1351ih/xml/BILLS-114hr1351ih.xml 2015-03-10 Referred to the House Committee on Financial Services. 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.