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Homeowners' Insurance Availability Act of 2003

Introduced: September 11, 2003 Introduced by: Graham, Lindsey Republican · South Carolina See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 11, 2003
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 11, 2003
Introduced in Senate
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 Plain-English summary Congressional Research Service

Homeowners' Insurance Availability Act of 2003 - 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.

What's happening now September 11, 2003

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1607: Homeowners' Insurance Availability Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-1607/
MLA
"S. 1607: Homeowners' Insurance Availability Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1607/.
Bluebook (legal)
S. 1607, 108th Cong. (2026), https://openamerica.io/bill/108-S-1607/.
Markdown link
[S. 1607: Homeowners' Insurance Availability Act of 2003](https://openamerica.io/bill/108-S-1607/)
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