3.0.0 5381 2023-01-11T13:40:07Z 2023-01-11T13:40:07Z House HR 2018-03-22 115 [Congressional Record Volume 164, Number 50 (Thursday, March 22, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROYCE of California:H.R. 5381.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates[Page H2042]]]> hsgo00 Oversight and Accountability Committee House Standing Markup by 2018-09-27T13:57:27Z Referred to 2018-03-22T13:00:10Z 2018-09-27 hsgo00 Oversight and Accountability Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2018-09-27 hsgo00 Oversight and Accountability Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2018-09-27 hsgo00 Oversight and Accountability Committee 1 House committee actions Approved Further Amendments To Measure Previously Reported. Committee 2018-03-22 Referred to the House Committee on Oversight and Government Reform. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2018-03-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-03-22 Introduced in House IntroReferral 1000 9 Library of Congress R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 N L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2018-03-22 True R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2018-03-22 True Economics and Public Finance Administrative law and regulatory procedures Congressional oversight Credit and credit markets Government information and archives Government lending and loan guarantees Government liability Government studies and investigations Life, casualty, property insurance Public-private cooperation Economics and Public Finance 00 2018-03-22 Introduced in House 2018-12-10T20:42:56Z Government Risk and Taxpayer Exposure Reduction Act of 2018 or the GRATER Act of 2018

This bill requires federal departments and agencies that administer credit, guarantee, or insurance programs to develop and implement a strategy and plan to transfer, to the maximum extent possible, the credit, guarantee, and insurance risk of the programs to the private sector. The strategy and plan must also address the utilization and development of private risk capacity in program and award development and administration.

Federal departments and agencies that administer and award grants or aid must, in setting the terms for a new award, seek to utilize or encourage the development of, to the maximum extent possible, insurance risk capacity in the private sector in the United States and in foreign economies that receive or host grants or aid.

The risk that is transferred to the private sector under this bill must be transferred at market terms, through a variety of financial instruments, and in a sustained and transparent manner.

]]> GRATER Act of 2018 Display Title GRATER Act of 2018 Official Title as Introduced To reduce and minimize the credit, guarantee, and insurance risk of all Federal Government programs by transferring such risk to the private sector at market terms, and for other purposes. Introduced in House IH Short Titles as Introduced GRATER Act of 2018 Short Titles as Introduced Government Risk and Taxpayer Exposure Reduction Act of 2018 Introduced in House 2018-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5381ih/xml/BILLS-115hr5381ih.xml 2018-09-27 Ordered to be Reported (Amended) by Voice Vote. 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.