| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 274 |
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| 5 | 5 | | To require a report by the Comptroller General of the United States on |
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| 6 | 6 | | a national all-hazards disaster insurance program. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY11, 2023 |
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| 9 | 9 | | Ms. J |
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| 10 | 10 | | ACKSONLEEintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Financial Services |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To require a report by the Comptroller General of the United |
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| 14 | 14 | | States on a national all-hazards disaster insurance program. |
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| 15 | 15 | | Be it enacted by the Senate and House of Representa-1 |
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| 16 | 16 | | tives of the United States of America in Congress assembled, 2 |
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| 17 | 17 | | SECTION 1. NATIONAL ALL-HAZARDS DISASTER INSUR-3 |
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| 18 | 18 | | ANCE PROGRAM. 4 |
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| 19 | 19 | | Not later than 320 days after the date of enactment 5 |
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| 20 | 20 | | of this Act, the Comptroller General of the United States 6 |
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| 21 | 21 | | shall submit to Congress a report on— 7 |
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| 22 | 22 | | (1) the feasibility and design of a national all- 8 |
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| 23 | 23 | | hazards disaster insurance program; 9 |
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| 24 | 24 | | VerDate Sep 11 2014 02:12 Jan 21, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H274.IH H274 |
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| 25 | 25 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 26 | 26 | | •HR 274 IH |
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| 27 | 27 | | (2) the risk of property owners continuing to 1 |
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| 28 | 28 | | underinsure or have no insurance on homes and the 2 |
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| 29 | 29 | | implications of those actions on the financial sta-3 |
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| 30 | 30 | | bility of the housing market; 4 |
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| 31 | 31 | | (3) the challenge of developing actuarial tables 5 |
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| 32 | 32 | | to determine premiums and the setting options for 6 |
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| 33 | 33 | | premium payments for disaster declaration policies 7 |
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| 34 | 34 | | to be collected annual, quarterly, or monthly; and 8 |
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| 35 | 35 | | (4) the challenges and feasibility of selling poli-9 |
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| 36 | 36 | | cies at the same time a property casualty policy is 10 |
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| 37 | 37 | | purchased. 11 |
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| 38 | 38 | | Æ |
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| 39 | 39 | | VerDate Sep 11 2014 02:12 Jan 21, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H274.IH H274 |
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| 40 | 40 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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