[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 114 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 114

To require a report by the Comptroller General of the United States on 
           a national all-hazards disaster insurance program.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 4, 2021

 Ms. Jackson Lee introduced the following bill; which was referred to 
                  the Committee on Financial Services

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                                 A BILL


 
To require a report by the Comptroller General of the United States on 
           a national all-hazards disaster insurance program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. NATIONAL ALL-HAZARDS DISASTER INSURANCE PROGRAM.

    Not later than 320 days after the date of enactment of this Act, 
the Comptroller General of the United States shall submit to Congress a 
report on--
            (1) the feasibility and design of a national all-hazards 
        disaster insurance program;
            (2) the risk of property owners continuing to underinsure 
        or have no insurance on homes and the implications of those 
        actions on the financial stability of the housing market;
            (3) the challenge of developing actuarial tables to 
        determine premiums and the setting options for premium payments 
        for disaster declaration policies to be collected annual, 
        quarterly, or monthly; and
            (4) the challenges and feasibility of selling policies at 
        the same time a property casualty policy is purchased.
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