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HR 1101 113th Congress House

Homeowners and Taxpayers Protection Act of 2013

Official title: To strengthen America's financial infrastructure, by requiring pre-funding for catastrophe losses using private insurance premium dollars to better prepare and… Show full official titleShow less

Official title: To strengthen America's financial infrastructure, by requiring pre-funding for catastrophe losses using private insurance premium dollars to better prepare and protect homeowners from natural catastrophes and to protect taxpayers from massive bailouts, and to provide dedicated funding from insurance premiums to improve catastrophe preparedness, loss prevention and mitigation, and to improve the availability and affordability of private market homeowners insurance coverage for catastrophic events, and for other purposes.

Introduced: July 11, 2013 See on congress.gov
Emergency Management Administrative law and regulatory proceduresAdvisory bodiesBuilding constructionDepartment of the Treasury
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Disaster relief and insuranceEmergency planning and evacuationExecutive agency funding and structureGovernment lending and loan guaranteesGovernment trust fundsHousing industry and standardsInterest, dividends, interest ratesLand use and conservationLife, casualty, property insuranceNatural disastersPublic-private cooperationState and local government operations
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2013
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Mar 12, 2013
Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 12, 2013
Introduced in House
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 Latest action March 13, 2013

Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

 Plain-English summary Congressional Research Service

Homeowners and Taxpayers Protection Act of 2013 - Directs the Secretary of the Treasury to establish the National Commission on Natural Catastrophe Preparation and Protection to advise the Secretary regarding the estimated loss costs associated with reinsurance protection contracts.

Requires the Secretary to implement a program that utilizes premiums from eligible state or multi-state plans to pre-fund future natural catastrophe recovery by making available for purchase, only by such plans, contracts for reinsurance coverage.

Requires such contracts to cover insured property losses covered under primary insurance contracts to homeowners, mobile home owners, renters, and condominium owners for specified natural catastrophic events.

Prescribes requirements for the operation of state plans and the terms of reinsurance contracts.

Encourages states to create and maintain catastrophe funds for themselves or with other states.

Sets forth requirements for the treatment of insured losses and maximum federal liability.

Establishes in the Treasury the Catastrophe Preparedness Fund, consisting of contract sales receipts and any amounts borrowed or earned, which shall be used to pay Commission administrative costs and loss payments under reinsurance contracts. Prohibits the authorization or appropriation of federal funds for the Fund or for implementing the reinsurance liquidity protection program.

Establishes a post-catastrophe market stabilization program for liquidity loans to: (1) expedite payment of claims under state catastrophe insurance programs, (2) authorize the Secretary to issue loans to assist financial recovery from significant natural catastrophes, and (3) promote the availability of private capital to state catastrophe insurance programs in order to provide liquidity and capacity.

Establishes the National Readiness, Preparedness and Mitigation Committee to administer a Readiness, Preparedness, and Mitigation Grant Program of grants to state and local governments, nonprofit organizations, and other appropriate public and private entities to develop programs and initiatives to improve catastrophe response, citizen preparedness and protection, and prevention and mitigation of losses from natural catastrophes.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 5
All 5 Democratic 2
ISRAEL, STEVE
· Sep 11, 2013
Bishop, Timothy
· Aug 2, 2013
 D
Johnson, Henry C. "Hank"
Georgia · Jul 11, 2013
 D
Bishop, Sanford D.
Georgia · Jul 9, 2013
ANDREWS, ROBERT
· Jun 17, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1101: Homeowners and Taxpayers Protection Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1101/
MLA
"H.R. 1101: Homeowners and Taxpayers Protection Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1101/.
Bluebook (legal)
H.R. 1101, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1101/.
Markdown link
[H.R. 1101: Homeowners and Taxpayers Protection Act of 2013](https://openamerica.io/bill/113-HR-1101/)
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