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HR 3525 118th Congress House Finance and Financial Sector

Natural Disaster Risk Reinsurance Program Act of 2023

Introduced: May 18, 2023 Introduced by: Moskowitz, Jared Democratic · Florida See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 18, 2023
Referred to the House Committee on Financial Services.
May 18, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Natural Disaster Risk Reinsurance Program Act of 2023

This bill establishes the Natural Disaster Risk Reinsurance Program within the Department of the Treasury. States may voluntarily participate in the program.

The program provides payments to states for damages from a natural disaster not covered by the National Flood Insurance Program for amounts in excess of trigger amounts. These trigger amounts are calculated by the National Academy of Sciences.

States must present a plan that ensures the coverage of losses by insurers not exceeding the trigger amount. States must also pledge to repay the full amount provided by the program within 10 years.

What's happening now May 18, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3525: Natural Disaster Risk Reinsurance Program Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3525/
MLA
"H.R. 3525: Natural Disaster Risk Reinsurance Program Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3525/.
Bluebook (legal)
H.R. 3525, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3525/.
Markdown link
[H.R. 3525: Natural Disaster Risk Reinsurance Program Act of 2023](https://openamerica.io/bill/118-HR-3525/)
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