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HR 3298 103th Congress House

National Property Reinsurance Act

Official title: To amend title XII of the National Housing Act to establish a national property reinsurance program to ensure the availability and affordability of property insurance in underserved areas.

Introduced: October 15, 1993 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Housing and Community Development Burglary insuranceBusiness lossesCivil actions and liabilityFederal advisory bodies
More subjectsShow fewer subjects
FraudGovernment trust fundsInsurance companiesInsurance premiumsInsurance ratesLimitation of actionsProperty insuranceReal propertyReinsuranceRiots
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 1994
Subcommittee Hearings Held.
Nov 15, 1993
Referred to the Subcommittee on Consumer Credit and Insurance.
Nov 15, 1993
Referred to the Subcommittee on Housing and Community Development.
Oct 15, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Oct 15, 1993
Introduced in House
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 Latest action May 19, 1994

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

National Property Reinsurance Act - Amends the National Housing Act to extend program authority for: (1) State plans to assure fair insurance access (FAIR plans); (2) property reinsurance; (3) burglary and theft insurance; and (4) claims.

Requires the Director of the Federal Emergency Management Agency to designate underserved areas for FAIR plan purposes.

Replaces the existing program of reinsurance of losses from riots or civil disorders with a national property reinsurance program. Limits coverage to underserved areas in States with FAIR plans. Sets forth program provisions.

Establishes in the Treasury the National Property Reinsurance Fund.

Reestablishes the Advisory Board.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 3298: National Property Reinsurance Act. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-3298/
MLA
"H.R. 3298: National Property Reinsurance Act." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-3298/.
Bluebook (legal)
H.R. 3298, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-3298/.
Markdown link
[H.R. 3298: National Property Reinsurance Act](https://openamerica.io/bill/103-HR-3298/)
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