3.0.0 3794 2023-01-11T13:29:38Z 2023-01-11T13:29:38Z House HR 2015-10-21 114 [Congressional Record Volume 161, Number 154 (Wednesday, October 21, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROSS:H.R. 3794.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 and Clause 3.[Page H7090]]]> hsba00 Financial Services Committee House Standing Referred to 2015-10-21T14:03:05Z 2015-10-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-10-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-10-21 Introduced in House IntroReferral 1000 9 Library of Congress R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 N P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-21 True Finance and Financial Sector Insurance industry and regulation Social work, volunteer service, charitable organizations Tax-exempt organizations Finance and Financial Sector 00 2015-10-21 Introduced in House 2016-03-21T19:55:26Z Nonprofit Property Protection Act

This bill:

  • amends the Liability Risk Retention Act of 1986 to rename it the Risk Retention Act of 1986; and
  • exclude from "commercial insurance" covered by the Act any health, life, or disability insurance or workers compensation insurance or express contractual obligations owed to a consumer as a result of a personal, family, or household transaction, where the consumer pays a separate consideration for the express contractual obligation.

The bill expands the kinds of state laws pertaining to business insurance from which a risk retention group shall be exempt to include laws pertaining to other lines of commercial insurance offered by a risk retention group to an entity organized and operated exclusively as a federal tax-exempt nonprofit charitable or educational institution, as long as the group meets specified criteria.

]]> Nonprofit Property Protection Act Display Title Nonprofit Property Protection Act Official Title as Introduced To amend the Liability Risk Retention Act of 1986 to expand the types of commercial insurance authorized for risk retention groups serving nonprofit organizations and educational institutions, and for other purposes. Introduced in House IH Short Titles as Introduced Nonprofit Property Protection Act Introduced in House 2015-10-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3794ih/xml/BILLS-114hr3794ih.xml 2015-10-21 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.