HR 4480
101th Congress
House
Emergency Management
Disasters
Earthquakes
Executive reorganization
Government corporations
Government lending
Mortgage loans
Reinsurance
Volcanoes
Federal Earthquake Insurance and Reinsurance Act
Introduced: April 4, 1990
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 1990
Referred to the Subcommittee on Policy, Research and Insurance.
Apr 4, 1990
Referred to the House Committee on Banking, Finance + Urban Affrs.
Apr 4, 1990
Introduced in House
Plain-English summary
Federal Earthquake Insurance and Reinsurance Act - Creates the Federal Earthquake Insurance and Reinsurance Corporation to make available: (1) earthquake and volcanic eruption insurance for residential property; and (2) property and casualty excess reinsurance for private insurers and private reinsurers for losses associated with earthquake or volcanic eruption.
Makes the Corporation, its Residential Property Insurance Fund, its Reinsurance Fund, and its activities, property, and income exempt from all taxation, subject to exception.
Directs the Corporation to develop a practical, cost-effective, and workable plan of earthquake loss mitigation.
What's happening now
Referred to the Subcommittee on Policy, Research and Insurance.
Committees of jurisdiction
2
Cosponsors
1