3.0.0
6944
2024-11-20T09:05:31Z
2024-11-20T09:05:31Z
House
H
HR
2024-01-10
118
[Congressional Record Volume 170, Number 5 (Wednesday, January 10, 2024)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHIFF:H.R. 6944.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. ConstitutionThe single subject of this legislation is:Insurance[Page H52]
- hsba00
Financial Services Committee
House
Standing
  - Referred to
2024-01-10T15:00:50Z
- 2024-01-10
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2024-01-10
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2024-01-10
Introduced in House
IntroReferral
1000
9
Library of Congress
- S001150
Rep. Schiff, Adam B. [D-CA-30]
ADAM
SCHIFF
D
CA
B.
30
N
- T000481
Rep. Tlaib, Rashida [D-MI-12]
Rashida
Tlaib
D
MI
12
2024-01-10
True
- M001225
Rep. Mullin, Kevin [D-CA-15]
Kevin
Mullin
D
CA
15
2024-01-10
True
- S001226
Rep. Salinas, Andrea [D-OR-6]
Andrea
Salinas
D
OR
6
2024-01-10
True
- H001094
Rep. Hoyle, Val T. [D-OR-4]
Val
Hoyle
D
OR
T.
4
2024-01-10
True
- L000397
Rep. Lofgren, Zoe [D-CA-18]
ZOE
LOFGREN
D
CA
18
2024-01-10
True
- B001285
Rep. Brownley, Julia [D-CA-26]
Julia
Brownley
D
CA
26
2024-01-10
True
- F000476
Rep. Frost, Maxwell [D-FL-10]
Maxwell
Frost
D
FL
10
2024-01-11
False
- L000551
Rep. Lee, Barbara [D-CA-12]
BARBARA
LEE
D
CA
12
2024-01-12
False
- E000215
Rep. Eshoo, Anna G. [D-CA-16]
ANNA
ESHOO
D
CA
G.
16
2024-01-17
False
- T000460
Rep. Thompson, Mike [D-CA-4]
MIKE
THOMPSON
D
CA
4
2024-01-18
False
- S001218
Rep. Stansbury, Melanie Ann [D-NM-1]
Melanie
Stansbury
D
NM
Ann
1
2024-01-29
False
- G000551
Rep. Grijalva, Raúl M. [D-AZ-7]
Raúl
Grijalva
D
AZ
M.
7
2024-02-06
False
- W000822
Rep. Watson Coleman, Bonnie [D-NJ-12]
Bonnie
Watson Coleman
D
NJ
12
2024-05-21
False
- A000371
Rep. Aguilar, Pete [D-CA-33]
Pete
Aguilar
D
CA
33
2024-05-21
False
- H001068
Rep. Huffman, Jared [D-CA-2]
Jared
Huffman
D
CA
2
2024-06-05
False
- H001081
Rep. Hayes, Jahana [D-CT-5]
Jahana
Hayes
D
CT
5
2024-06-18
False
- L000593
Rep. Levin, Mike [D-CA-49]
Mike
Levin
D
CA
49
2024-07-30
False
- W000797
Rep. Wasserman Schultz, Debbie [D-FL-25]
Debbie
Wasserman Schultz
D
FL
25
2024-11-19
False
Finance and Financial Sector
Finance and Financial Sector
2024-02-01T21:00:24Z
00
2024-01-10
Introduced in House
2024-09-13T20:25:34Z
Incorporating National Support for Unprecedented Risks and Emergencies Act or the INSURE Act
The Department of the Treasury must establish a catastrophic property loss reinsurance program that provides reinsurance to qualifying insurance companies. (Reinsurance protects insurers from large losses.) To qualify for reinsurance coverage, insurers must offer an all-perils insurance policy for residential or commercial property and offer incentives to policyholders for activities that reduce losses.
The bill provides for a phase-in of the program over several years to cover different catastrophes and perils, including floods, hurricanes, and wildfire. When flood coverage is phased in, the National Flood Insurance Program may no longer issue new policies.
The bill establishes the threshold for payouts, guidelines for premium rates, and a Federal Catastrophe Reinsurance Fund for the purpose of investing the premiums paid by insurers and for the issuance of notes and bonds.
Treasury must establish a grant program to incentivize investments in loss-reduction activities and to encourage states to require insurers to offer an all-perils property insurance policy.
Treasury must report on the feasibility of (1) funding the relocation of homes and businesses that have become uninsurable, and (2) including earthquakes as a peril in all-peril policies. Earthquakes must be added to the program as a covered peril at the earliest of eight years after the date of enactment or the date on which the report is submitted.
Treasury must also establish a pilot program for multiyear all-perils property insurance.

INSURE Act
- Display Title
45

INSURE Act
2024-07-24T15:19:26Z
- Short Title(s) as Introduced
101

INSURE Act
2024-05-24T13:34:40Z
Introduced in House
IH
- Short Title(s) as Introduced
101

Incorporating National Support for Unprecedented Risks and Emergencies Act
2024-05-24T13:34:40Z
Introduced in House
IH
- Official Title as Introduced
6

To require the Secretary of the Treasury to establish a catastrophic property loss reinsurance program, and for other purposes.
2024-03-18T22:05:16Z
Introduced in House
IH
- Introduced in House
2024-01-10T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr6944ih/xml/BILLS-118hr6944ih.xml
2024-01-10
Referred to the House Committee on Financial Services.
text/xml
EN
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