Skip to main content
HR 330 110th Congress House Finance and Financial Sector Apartment houses Auctions Auditing Building laws Commerce Condominium (Housing) Congress Congressional investigations Congressional reporting requirements Cooperative housing Disaster insurance Earthquakes Economics and Public Finance Emergency Management Federal advisory bodies Fires Floods Government Operations and Politics Government liability

Homeowners' Insurance Availability Act of 2007

Introduced: January 9, 2007 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2007
Referred to the House Committee on Financial Services.
Jan 9, 2007
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now January 9, 2007

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1