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

I 117TH CONGRESS 1ST SESSION H. R. 114 To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program. IN THE HOUSE OF REPRESENTATIVES JANUARY 4, 2021 Ms. JACKSON LEE introduced the following bill; which was referred to the Committee on Financial Services A BILL To require a report by the Comptroller General of the United States on a national all-hazards disaster insurance program. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. NATIONAL ALL-HAZARDS DISASTER INSUR- 3 ANCE PROGRAM. 4 Not later than 320 days after the date of enactment 5 of this Act, the Comptroller General of the United States 6 shall submit to Congress a report on— 7 (1) the feasibility and design of a national all- 8 hazards disaster insurance program; 9 VerDate Sep 11 2014 03:26 Jan 23, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H114.IH H114 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 114 IH (2) the risk of property owners continuing to 1 underinsure or have no insurance on homes and the 2 implications of those actions on the financial sta- 3 bility of the housing market; 4 (3) the challenge of developing actuarial tables 5 to determine premiums and the setting options for 6 premium payments for disaster declaration policies 7 to be collected annual, quarterly, or monthly; and 8 (4) the challenges and feasibility of selling poli- 9 cies at the same time a property casualty policy is 10 purchased. 11 Æ VerDate Sep 11 2014 03:26 Jan 23, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H114.IH H114 kjohnson on DSK79L0C42PROD with BILLS