Top Legislation - View All
Also tagged in: Administrative procedure, Building construction, Building laws, Building materials, Business, Casualty insurance, Coinsurance, Congress, Congressional investigations, Congressional reporting requirements, Department of the Treasury, Earthquakes, Economic policy, Emergency management, Executive departments, Federal advisory bodies, Finance, Fires, Floods, Government information, Government publicity, Government trust funds, Governmental investigations, Housing, Hurricanes, Indexing (Economic policy), Insurance companies, Insurance premiums, Law, Losses, Property insurance, Public contracts, Reinsurance, Risk, State and local government, State laws, Storms, Surety and fidelity, Tornadoes, Tsunamis, Volcanoes
Latest Action: 01/04/2007 - Referred to the House Committee on Financial Services. Bill TextTo establish a program to provide reinsurance for State natural catastrophe insurance programs to help the United States better prepare for and protect its citizens against the ravages of natural catastrophes, to encourage and promote mitigation and prevention for, and recovery and rebuilding from such catastrophes, and to better assist in the financial recovery from such catastrophes. 1/4/2007--Introduced. Homeowners Insurance Protection Act of 2007 - Instructs the Secretary of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise the Secretary regarding estimated loss costs associated with contracts for reinsurance coverage. Authorizes the Secretary to make homeowners protection coverage available through contracts for reinsurance coverage. Restricts purchase of such coverage to eligible state programs. Prescribes criteria for state eligibility. Requires each contract for reinsurance coverage to provide insurance [...] show full description
Also tagged in: Bank accounts, Business, Casualty insurance, Earthquakes, Emergency management, Finance, Floods, Income tax, Insurance companies, Law, Losses, Property insurance, Reinsurance, Storms, Tax deductions, Taxation, Trusts and trustees, Tsunamis, Volcanoes, Water resources
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from future catastrophic events. 1/4/2007--Introduced. Policyholder Disaster Protection Act of 2007 - Amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods.
Also tagged in: Appropriations, Armed forces, Armed forces abroad, Authorization, Budget deficits, Budget reconciliation, Budget resolutions, Budgets, Child support, Children, Collection of accounts, Congress, Congressional publicity, Congressional reporting requirements, Congressional voting, Counterterrorism, Criminal justice, Debt limit, Defense budgets, Defense economics, Defense policy, Disaster relief, Economic growth, Economic impact statements, Economic policy, Emergency management, Employee health benefits, Energy, Entitlements, Federal budget process, Federal budgets, Finance, Floods, Government information, Government spending reductions, Gross national product, Health insurance, House rules and procedure, Income tax, Insurance premiums, International competitiveness, Item veto, Job creation, Labor, Legislation, Married people, Medical economics, Members of Congress, Military cemeteries and funerals, Off-budget expenditures, Power marketing administrations, Presidents, Public debt, Record votes, Saving and investment, Senate rules and procedure, Tariff preferences, Tax credits, Tax exclusion, Tax preferences, Tax rates, Tax refunds, Tax returns, Taxation, Taxpayers, Terrorism, Torts, Trade, Veterans, Veterans' benefits
Latest Action: 03/29/2007 - Referred to the House Committee on the Budget. Bill TextEstablishing the congressional budget for the United States Government for fiscal year 2008 and setting forth appropriate budgetary levels for fiscal years 2009 through 2012. 3/29/2007--Introduced. Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2009-FY2012. Lists recommended budgetary levels and amounts, for FY2008-FY2012, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2008-FY2012. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and Labor: (4) Energy and Commerce; (5) Financial Services; (6) Foreign Affairs; (7) the Judiciary; (8) Natural Resources; (9) Transportation and Infrastructure;[...] show full description
Also tagged in: Apartment houses, Auctions, Auditing, Budgets, Building laws, Business, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Cooperative housing, Earthquakes, Economic policy, Emergency management, Executive departments, Federal advisory bodies, Finance, Fires, Floods, Government information, Government liability, Government paperwork, Government publicity, Government trust funds, Housing, Hurricanes, Income tax, Indexing (Economic policy), Insurance companies, Insurance premiums, Law, Property insurance, Public contracts, Reinsurance, Restrictive trade practices, State and local government, State laws, Tsunamis, Volcanoes, Water resources
Latest Action: 01/09/2007 - Referred to the House Committee on Financial Services. Bill TextTo establish a Federal program to provide reinsurance to improve the availability of homeowners' insurance. 1/9/2007--Introduced. Homeowners' Insurance Availability Act of 2007 - Instructs the Secretary of the Treasury to implement a reinsurance coverage program available only through contracts for reinsurance coverage purchased at regional auctions. States that the purpose of the program is to improve: (1) the availability of homeowners' insurance for the purpose of facilitating the pooling, and spreading the risk, of catastrophic financial losses from disasters; and (2) the solvency of the homeowners' insurance markets. Prescribes implementation guidelines that include establishment: (1) in the Treasury of the Disaster Reinsurance Fund; and (2) of a National Commission on Catastrophe Risks and Insurance Loss Costs.
Also tagged in: Alabama, Budgets, Building laws, Business, Casualty insurance, Congress, Congressional reporting requirements, Depressed areas, Earthquakes, Economic policy, Emergency management, Executive departments, Federal advisory bodies, Finance, Floods, Florida, Government insurance, Government trust funds, Housing, Hurricanes, Income tax, Insurance companies, Legislation, Louisiana, Mississippi, Property insurance, Public-private partnerships, Reinsurance, Risk, Tax deferral, Tax exemption, Taxation, Texas, Tsunamis, Urban affairs, Volcanoes, Zoning and zoning law
Latest Action: 01/17/2007 - Referred to the House Committee on Financial Services. Bill TextTo establish a bipartisan commission on insurance reform. 1/17/2007--Introduced. Commission on Catastrophic Disaster Risk and Insurance Act of 2007 - Establishes the bipartisan Commission on Catastrophic Disaster Risk and Insurance to assess: (1) the condition of the property and casualty insurance and reinsurance markets in the aftermath of Hurricanes Katrina, Rita, and Wilma in 2005, and the four major hurricanes that struck the United States in 2004; (2) the ongoing exposure of the United States to windstorms, earthquakes, volcanic eruptions, tsunamis, and floods; and (3) recommend and report legislative and regulatory changes that will improve the domestic and international financial health and competitiveness of such markets.
Also tagged in: Administrative procedure, Coinsurance, Department of Homeland Security, Emergency management, Executive departments, Federal Emergency Management Agency, Finance, Floods, Governmental investigations, Hurricanes, Insurance premiums, Land use, Law, Local laws, State and local government, State laws, Storms, Tornadoes, Zoning and zoning law
Latest Action: 02/08/2007 - Referred to the House Committee on Financial Services. Bill TextTo amend the National Flood Insurance Act of 1968 to provide for the national flood insurance program to make available multiperil coverage for damage resulting from windstorms or floods, and for other purposes. 2/8/2007--Introduced. Multiple Peril Insurance Act of 2007 - Amends the National Flood Insurance Act of 1968 to require the national flood insurance program to enable the purchase of optional insurance against loss resulting from physical damage to or loss of real or related personal property located in the United States arising from any flood or windstorm (any hurricane, tornado, cyclone, typhoon, or other wind event). Restricts multiperil coverage to areas (or their subdivisions) where an appropriate public body has adopted adequate land use and control measures, including effective enforcement provisions, which the Administrator of the Federal Emergency Management Agency (FEMA) finds are consistent with certain statutory criteria for land management and [...] show full description
Also tagged in: Budgets, Cost effectiveness, Emergency management, Finance, Floodplains, Floods, Government information, Government paperwork, Government publicity, Grants-in-aid, Risk, Water resources
Latest Action: 04/12/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo authorize the Director of the Federal Emergency Management Agency to make grants to communities to be used for outreach efforts to encourage participation in the national flood insurance program. 2/8/2007--Introduced. Flood Insurance Community Outreach Grant Program Act of 2007 - Amends the National Flood Insurance Act of 1968 to authorize the Director of the Federal Emergency Management Agency (FEMA) to make grants to local governmental agencies responsible for floodplain management activities in communities that participate in the national flood insurance program for: (1) outreach activities to encourage and facilitate the purchase of flood insurance protection by owners and renters of properties in such communities; and (2) educational activities that increase awareness of flood risk reduction. Permits grant funds to be used to: (1) identify such property owners and renters; (2) notify them when their properties become included in, or are excluded from, an area [...] show full description
Latest Action: 04/12/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo provide for a study by the Government Accountability Office on methods, practices, and incentives to increase the extent to which low-income property owners living in high-risk locations participate in the National Flood Insurance Program. 2/8/2007--Introduced. National Flood Insurance Program Participation Evaluation Act of 2007 - Directs the Comptroller General to analyze and report to Congress on potential methods, practices, and incentives that would increase the extent to which low-income families that own residential properties located within areas having special flood hazards purchase flood insurance coverage for such properties under the national flood insurance program.
Also tagged in: Bank accounts, Business, Casualty insurance, Earthquakes, Emergency management, Finance, Floods, Income tax, Insurance companies, Law, Losses, Property insurance, Reinsurance, Storms, Tax deductions, Taxation, Trusts and trustees, Tsunamis, Volcanoes, Water resources
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR S3360-3362) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the creation of disaster protection funds by property and casualty insurance companies for the payment of policyholders' claims arising from future catastrophic events. 3/20/2007--Introduced. Policyholder Disaster Protection Act of 2007 - Amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods.
Also tagged in: Administrative procedure, Building construction, Building laws, Building materials, Business, Casualty insurance, Coinsurance, Congress, Congressional investigations, Congressional reporting requirements, Department of the Treasury, Earthquakes, Economic policy, Emergency management, Executive departments, Federal advisory bodies, Finance, Fires, Floods, Government information, Government publicity, Government trust funds, Governmental investigations, Housing, Hurricanes, Indexing (Economic policy), Insurance companies, Insurance premiums, Law, Losses, Property insurance, Public contracts, Reinsurance, Risk, State and local government, State laws, Storms, Tornadoes, Tsunamis, Volcanoes
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR S3360-3362) Bill TextA bill to establish a program to provide more protection at lower cost through a national backstop for State natural catastrophe insurance programs to help the United States better prepare for and protect its citizens against the ravages of natural catastrophes, to encourage and promote mitigation and prevention for, and recovery and rebuilding from such catastrophes, to better assist in the financial recovery from such catastrophes, and to develop a rigorous process of continuous improvement. 3/20/2007--Introduced. Homeowners Protection Act of 2007 - Directs the Secretary of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise the Secretary regarding: (1) estimated loss costs associated with the contracts for reinsurance coverage; and (2) development of prevention, mitigation, recovery, and rebuilding standards that better prepare and protect the United States from catastrophes. Instructs the Secretary to implement [...] show full description
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Latest Legislation - View All
Latest Action: 09/24/2008 - Received in the Senate. Bill TextTo extend the authorization of the national flood insurance program, and for other purposes. 9/18/2008--Introduced. Amends the National Flood Insurance Act of 1968 to extend the authorization of the national flood insurance program from September 30, 2008, through April 30, 2009.
Also tagged in: Administrative fees, Administrative procedure, Air cargo, Aircraft pilots, Airline passenger traffic, Airlines, Airports, Alien labor, Aliens, Animals, Appropriations, Armed forces, Armed forces reserves, Aviation safety, Biological warfare, Border patrols, Bridges, Budgets, Business, Canada, Chemical warfare, Child pornography, Child sexual abuse, Children, Coast guard, Computer security measures, Congress, Congressional oversight, Congressional reporting requirements, Construction industries, Construction workers, Counterfeiting, Criminal investigation, Criminal justice, Criminal justice information, Customs administration, Data banks, Defense policy, Delegation of powers, Department of Homeland Security, Deportation, Detention of persons, Disaster loans, Disaster relief, Drone aircraft, Drug abuse, Drug law enforcement, Drugs, Emergency communication systems, Emergency housing, Emergency management, Emergency medicine, Employee selection, Environmental protection, Executive departments, Explosives, Families, Federal Emergency Management Agency, Federal employees, Federal law enforcement officers, Federal-local relations, Federal-state relations, Fire fighters, Fire prevention, Flight training, Floods, Food, Food relief, Foreign policy, Government contractors, Government employees, Government information, Government lending, Government procurement, Government publicity, Government trust funds, Hazardous substances, Horses, Hours of labor, Housing, Identification of criminals, Illegal aliens, Immigration, Imports, Informers, Infrastructure, Inspectors general, Intelligence activities, International affairs, Ionizing radiation, Job training, Labor, Latin America, Maps, Marine pollution, Marine resources, Marine terminals, Marine transportation, Mass rapid transit, Medical care, Medicine, Metropolitan areas, Mexico, Midwest (U.S.), Military pensions, Military training, Minimum wages, Missing children, Motor buses, Navigational aids, Nuclear research, Nuclear terrorism, Off-budget expenditures, Oil pollution, Patrol aircraft, Patrol ships, Pensions, Police training, Politics and government, Prescription pricing, Presidents, Protection of animals, Public contracts, Railroad safety, Repatriation, Reprogramming of appropriated funds, Research and development, Risk, Salaries, Science policy, Secret service, Security measures, Smuggling, State and local government, Survivors' benefits, Technological innovations, Technology, Telecommunication, Telephone, Temporary employment, Terrorism, Tornadoes, Trade, Transportation, Transportation safety, Trucking, Urban affairs, Veterans, Wages, Water pollution, Weapons systems
Latest Action: 09/18/2008 - The House Committee on Appropriations reported an original measure, H. Rept. 110-862, by Mr. Price (NC). Bill TextMaking appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2009, and for other purposes. 9/18/2008--Reported to House without amendment. (There is 1 other summary) Department of Homeland Security Appropriations Act, 2009 - Title I: Departmental Management and Operations - Makes appropriations for the Department of Homeland Security (DHS) for FY2009 for executive management, analysis and operations, and the Offices of the Secretary, the Under Secretary for Management, the Chief Financial Officer, the Chief Information Officer, the Federal Coordinator for Gulf Coast Rebuilding, and the Inspector General.Title II: Security, Enforcement, and Investigations - Makes appropriations for FY2009 for: (1) U.S. Customs and Border Protection (CBP), including for automation modernization, customs and border protection fencing, infrastructure, and technology (with obligations subject to the DHS Secretary [...] show full description
Also tagged in: Admission of nonimmigrants, Air cargo, Air piracy, Airline passenger traffic, Airports, Alabama, Aliens, Animal diseases, Animals, Appropriations, Armed forces, Armed forces reserves, Aviation safety, Border patrols, Bridges, Budgets, Chief financial officers, Chief information officers, Children, Citizenship, Claims, Coast guard, Competitive bidding, Congress, Congressional investigations, Criminal aliens, Criminal justice, Customs administration, Defense policy, Department of Homeland Security, Deportation, Detention of persons, Disaster loans, Disaster relief, District of Columbia, Electronic government information, Emergency communication systems, Emergency housing, Emergency management, Emergency medicine, Environmental protection, Evacuation of civilians, Executive departments, Explosives, Federal aid to transportation, Federal Emergency Management Agency, Federal employees, Federal law enforcement officers, Federal office buildings, Federal officials, Finance, Fire fighters, Fire prevention, Flood control, Floods, Food, Food relief, Forest fires, Government employees, Government information, Government liability, Government procurement, Government trust funds, Grants-in-aid, Harbors, Hazardous substances, Housing, Hurricanes, Immigrants, Immigration, Infrastructure, Inspectors general, Intelligence activities, Islands, Louisiana, Maps, Marine resources, Medical care, Medical research, Medicine, Military pensions, Military training, Mississippi, New Mexico, New York State, Nuclear terrorism, Oil pollution, Pennsylvania, Pensions, Personnel management, Police training, Politics and government, Presidents, Protection of officials, Public contracts, Radiation, Radiation victims, Relocation, Rescission of appropriated funds, Research and development, Research centers, Road construction, Science policy, Secret service, Security measures, Strategic planning, Survivors' benefits, Telecommunication, Trade, Transportation, Transportation safety, Trucking, Veterans, Vice Presidents, Visas, Water pollution, Water resources, West Virginia
Latest Action: 06/23/2008 - Committee on Appropriations. Original measure reported to Senate by Senator Byrd. With written report No. 110-396. Bill TextAn original bill making appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2009, and for other purposes. 6/23/2008--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Department of Homeland Security Appropriations Act, 2009 - Title I: Department of Homeland Security Departmental Management and Operations - Makes appropriations for the Department of Homeland Security (DHS) for FY2009 for the Offices of the Secretary, the Under Secretary for Management, the Chief Financial Officer, the Chief Information Officer, the Federal Coordinator for Gulf Coast Rebuilding, and the Inspector General.Title II: Security, Enforcement, and Investigations - Makes appropriations for FY2009 for: (1) U.S. Customs and Border Protection (CBP), including [...] show full description
Also tagged in: Access to health care, Administrative procedure, Affordable housing, Afghanistan, Aged, Agricultural subsidies, Agriculture, Aid to dependent children, AIDS (Disease), Alternative energy sources, Animals, Appropriations, Armed forces, Armed forces abroad, Armed forces reserves, Auditing, Automobile industry, Balanced budgets, Bonds, Border patrols, Brain, Budget deficits, Budget resolutions, Budget surpluses, Budgets, Business, Cash welfare block grants, Child health, Child support, Children, Climate change, Coastal zone, Communications, Community health services, Congress, Congressional budget, Congressional conference committees, Congressional investigations, Congressional voting, Constitution, Constitutional amendments, Consumers, Criminal aliens, Criminal justice, Customs administration, Debt limit, Defense budgets, Defense contracts, Defense economics, Defense policy, Defense procurement, Dental care, Department of Commerce, Department of Health and Human Services, Deportation, Diabetes, Disability evaluation, Disabled, Drug approvals, Drugs, East Asia, Economic growth, Economic policy, Education, Emergency management, Employee health benefits, Energy, Energy efficiency, Energy security, Environmental protection, Executive departments, Families, Federal aid to child health services, Federal aid to education, Federal aid to housing, Federal aid to research, Federal aid to transportation, Federal aid to water resources development, Federal budget process, Finance, Financial statements, Floods, Food and Drug Administration (FDA), Food safety, Foreign policy, Government information, Government publicity, Government trust funds, Greenhouse gases, Head injuries, Health care fraud, Health information systems, Health insurance, Health policy, Higher education, Highway finance, History, Housing, Housing authorities, Housing subsidies, Human immunodeficiency viruses, Identification of criminals, Illegal aliens, Immigration, Import restrictions, Imports, Income tax, Indian claims, Indian medical care, Indian water rights, Infrastructure, Infrastructure (Economics), International affairs, Internet, Iraq, Iraq compilation, Job training, Judges, Judicial compensation, Labor, Law, Legislation, Legislative amendments, Legislative resolutions, Long-term care, Manufacturing industries, Marine resources, Marine resources conservation, Marketing, Mass rapid transit, Medicaid, Medical care, Medical education, Medical fees, Medical research, Medical residents, Medically uninsured, Medicare, Medicine, Mental health services, Middle East and North Africa, Military dependents, Military medicine, Military occupation, Military operations, Military pensions, Minimum tax, Mining royalties, Minorities, National Guard, National parks, Natural resources, Naturalization, New Mexico, Ocean, Old age, survivors and disability insurance, Pediatrics, Pennsylvania, Pensions, Performance measurement, Personnel records, Philippines, Physicians, Poor children, Postal service, Prescription pricing, Public broadcasting, Public debt, Public housing, Public lands, Quality of care, Research and development, Right of privacy, Sanctions (International law), Scholarships, School buildings, Science policy, Senate rules and procedure, September 11, 2001, Small business, Social security, Social security beneficiaries, Social security finance, South Asia, State and local government, Supplemental appropriations, Supplemental security income program, Tax administration, Tax credits, Tax deductions, Tax rates, Tax refunds, Taxation, Teachers, Teaching materials, Technological innovations, Technology, Telecommunication, Trade, Trade adjustment assistance, Trade agreements, Transportation, Trauma care, Unemployment insurance, United States Postal Service, User charges, Veterans, Veterans' benefits, Veterans' disability compensation, Veterans' education, Veterans' medical care, Veterinary medicine, War casualties, Waste in government spending, Water resources, Water supply, Web sites, Welfare, Welfare work participation, World War II
Latest Action: 06/05/2008 - Mr. Spratt brought up conference report H. Rept. 110-659 for consideration under the provisions of H. Res. 1214. Bill TextAn original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. 5/20/2008--Conference report filed in House. (There are 4 other summaries) Sets forth the congressional budget for the federal government for FY2009, including the appropriate budgetary levels for FY2008 and FY2010-FY2013. Title I: Recommended Levels and Amounts - (Sec. 101) Lists recommended budgetary levels and amounts, for FY2008-FY2013, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. (Sec. 102) Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security, U.S. Postal Service discretionary administrative expenses, and specified major functional [...] show full description
Also tagged in: Air pollution, Budgets, Climate change, Coastal zone, Congress, Congressional reporting requirements, Department of Commerce, Emergency management, Environmental protection, Executive departments, Executive reorganization, Finance, Floods, Grants-in-aid, Great Lakes, Hydrology, Marine ecology, Marine pollution, Marine resources, Ocean, Ocean currents, Oceanography, Sea level, Strategic planning, Water resources
Latest Action: 06/05/2008 - Committee on Commerce, Science, and Transportation. Reported by Senator Inouye with amendments and an amendment to the title. With written report No. 110-347. Bill TextA bill to amend the National Climate Program Act to enhance the ability of the United States to develop and implement climate change adaptation programs and policies, and for other purposes. 6/5/2008--Reported to Senate amended. (There is 1 other summary) Climate Change Adaptation Act - Amends the National Climate Program Act to revise congressional findings and add a definition of "coastal state." Revises the elements of the National Climate Program to require a strategic planning process to address the impacts of climate change in the United States and establish a National Climate Service within the National Oceanic and Atmospheric Administration (NOAA). Requires the President to provide to Congress a five-year national strategic plan to address the impacts of climate change in the United States, define the Program roles of federal officers and agencies, and provide for coordination. Sets forth the minimum contents of the strategic [...] show full description
Also tagged in: Budgets, Business, Casualty insurance, Emergency management, Finance, Government lending, Government securities, Governmental investigations, Home ownership, Housing, Insurance companies, Nonprofit organizations, Politics and government, Property insurance, Public contracts, Reinsurance, Risk, Securities, Social services, State and local government, State politics and government
Latest Action: 11/06/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to establish a National Catastrophic Risks Consortium and a National Homeowners' Insurance Stabilization Program, and for other purposes. 11/6/2007--Introduced. Homeowners' Defense Act of 2007 - Establishes the National Catastrophe Risk Consortium as a nonprofit, nonfederal entity to: (1) maintain an inventory of catastrophe risk obligations held by state reinsurance funds, and state residual insurance market entities; (2) issue, on a conduit basis, securities and other financial instruments linked to catastrophe risks insured or reinsured through Consortium members; and (3) act as a centralized repository of state risk information accessible by certain private-market participants. Instructs the Secretary of the Treasury to implement a national homeowners' insurance stabilization program to make liquidity loans and catastrophic loans to qualified reinsurance programs to: (1) ensure their solvency; (2) improve the availability and affordability of homeowners' [...] show full description
Also tagged in: Administrative procedure, Apartment houses, Budgets, Business, Casualty insurance, Collection of accounts, Congress, Congressional investigations, Congressional reporting requirements, Department of Homeland Security, Emergency management, Employee training, Executive departments, Federal advisory bodies, Federal Emergency Management Agency, Finance, Floods, Government contractors, Government information, Government trust funds, Housing, Insurance agents, Insurance companies, Insurance premiums, Job training, Law, Maps, Mediation, Ombudsman, Politics and government, Property insurance, Public contracts, Standards, Subsidies, Water resources
Latest Action: 05/13/2008 - Considered by Senate. (consideration: CR S4048-4050, S4051-4061) Bill TextAn original bill to amend the National Flood Insurance Act of 1968, to restore the financial solvency of the flood insurance fund, and for other purposes. 11/1/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 4) Amends the National Flood Insurance Act of 1968 (Act) to extend the national flood insurance program (Program) though FY2013. (Sec. 5) Requires the Director of the Federal Emergency Management Agency (FEMA) to make national flood insurance available for multifamily properties of more than four units. (Sec. 6) Requires the FEMA Director to estimate the exclusion of certain prospective insureds from purchasing flood insurance at risk premium rates less than those estimated for specified properties (including [...] show full description
Also tagged in: Business, Casualty insurance, Congress, Congressional reporting requirements, Cost effectiveness, Disasters, Emergency management, Executive departments, Federal advisory bodies, Finance, Financial services, Insurance companies, Property insurance, Reinsurance
Latest Action: 11/01/2007 - Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Dodd. Without written report. Bill TextAn original bill to establish a nonpartisan commission on natural catastrophe risk management and insurance, and for other purposes. 11/1/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 - Establishes the Commission on Natural Catastrophe Risk Management and Insurance to report to Congress on its findings and assessments regarding the risks posed to the United States by natural catastrophes, and means for mitigating those risks and paying for losses caused by such catastrophes. Requires the Commission to assess: (1) the condition of the property and casualty insurance and reinsurance markets prior to and in the aftermath of Hurricanes Katrina, Rita, and Wilma in 2005, and the four major hurricanes that struck [...] show full description
Also tagged in: Administrative remedies, Department of Homeland Security, Emergency management, Federal Emergency Management Agency, Finance, Flood control, Floods, Government information, Government publicity, Insurance premiums, Law, Maps, Risk
Latest Action: 12/04/2007 - Reported by the Committee on Financial Services. H. Rept. 110-466. Bill TextTo require the Administrator of the Federal Emergency Management Agency to issue guidance providing a process for consideration of the flood protections afforded by certain structures for purposes of the national flood insurance program. 12/4/2007--Reported to House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.)Levee-Like Structure Consideration Act of 2007 - Directs the Administrator of the Federal Emergency Management Agency (FEMA) to issue and make effective notice or guidance providing, for purposes of determining flood plain areas and flood-risk zones under the national flood insurance program: (1) a specified process by which a community may request and obtain from the Administrator a determination, including provisional accreditation, of the nature and extent of any flood protection afforded by any structure or feature that [...] show full description
Latest Action: 10/26/2007 - Sponsor introductory remarks on measure. (CR S13490-13491) Bill TextA bill to ensure that individual homeowners that were not previously required to purchase flood insurance that are now required to do so because of the updating of flood insurance program rate maps receive a discount for the purchase of such insurance. 10/26/2007--Introduced. Homeowner's Flood Insurance Protection Act of 2007 - Amends the National Flood Insurance Act of 1968 with respect to any area that: (1) previously was not designated as a special flood hazard area because it was protected by a flood protection system; and (2) becomes so designated as a result of the decertification of that flood protection system pursuant to any updating, reviewing, or remapping of flood insurance program rate maps. Sets the chargeable flood insurance premium rate for any property that, before enactment of this Act, was located within such an area at 50% of the chargeable risk premium rate otherwise applicable. Terminates such discount rate five years after the area's initial designation [...] show full description
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