0
0

To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program.

12/15/2023, 3:53 PM

Summary of Bill HR 274

Bill 118 hr 274, also known as the National All-Hazards Disaster Insurance Program Report Act, is a proposed piece of legislation that calls for a report to be conducted by the Comptroller General of the United States on the feasibility and potential benefits of establishing a national all-hazards disaster insurance program.

The purpose of this bill is to assess the need for a comprehensive insurance program that would provide coverage for a wide range of disasters, including natural disasters such as hurricanes, earthquakes, and wildfires, as well as man-made disasters like terrorist attacks and pandemics.

The report would evaluate the current state of disaster insurance coverage in the United States, including the availability and affordability of insurance options for individuals, businesses, and government entities. It would also examine the potential costs and benefits of implementing a national all-hazards disaster insurance program, including the impact on taxpayers, insurance companies, and the overall economy. The findings of the report would be used to inform policymakers and stakeholders about the potential benefits of establishing a national all-hazards disaster insurance program, as well as any challenges or obstacles that may need to be addressed in order to implement such a program effectively. Overall, Bill 118 hr 274 seeks to gather information and data on the feasibility of creating a comprehensive disaster insurance program that would help individuals and communities recover more quickly and effectively in the event of a disaster.

Congressional Summary of HR 274

This bill requires the Government Accountability Office to report on the feasibility of a national disaster insurance program that covers all hazards.

Current Status of Bill HR 274

Bill HR 274 is currently in the status of Bill Introduced since January 11, 2023. Bill HR 274 was introduced during Congress 118 and was introduced to the House on January 11, 2023.  Bill HR 274's most recent activity was Referred to the House Committee on Financial Services. as of January 11, 2023

Bipartisan Support of Bill HR 274

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 274

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 274

To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program.
To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program.

Comments