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Wildfire Insurance Coverage Study Act of 2024

7/22/2024, 4:22 PM

Congressional Summary of HR 7462

Wildfire Insurance Coverage Study Act of 2023

This bill requires reports regarding wildfire risk and damage. Specifically, the  Government Accountability Office (GAO) must report on trends in wildfire declarations, mitigation practices, state and federal programs regarding wildfire risk, and the need for a national map of wildfire risks.

The GAO must also report on (1) the availability and cost of wildfire insurance coverage for homes and commercial property, (2) state regulatory responses to increasing costs of coverage, and (3) impediments to private wildfire insurance coverage.

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Current Status of Bill HR 7462

Bill HR 7462 is currently in the status of Bill Introduced since February 26, 2024. Bill HR 7462 was introduced during Congress 118 and was introduced to the House on February 26, 2024.  Bill HR 7462's most recent activity was Placed on the Union Calendar, Calendar No. 489. as of July 18, 2024

Bipartisan Support of Bill HR 7462

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7462

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 7462

Wildfire Insurance Coverage Study Act of 2024
Wildfire Insurance Coverage Study Act of 2024
Wildfire Insurance Coverage Study Act of 2023
To require the Government Accountability Office to conduct a study regarding insurance coverage for damages from wildfires, and for other purposes.

Comments

Sponsors and Cosponsors of HR 7462

Maxine Waters
Maxine Waters
CaliforniaDemocrat

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