,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #eigc  ,,in ,,the ,,house ,,of  
,,representatives  ,may #be1 #bjah,mr4  
,ross introduced the following bill2    
which was referred to the ,committee on 
,transportation and ,infrastructure  ,a 
,,bill  ,to amend the ,robert ,t4       
,stafford ,disaster ,relief and         
,emergency ,assistance ,act to require a
 report on risk transfer1 and for other 
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,disaster           
,assistance ,risk ,transfer ,act of     
#bjah4  #b4 ,risk transfer ,title ,,iii 
of the ,robert ,t4 ,stafford ,disaster  
,relief and ,emergency ,assistance ,act 
7#db ,u4,s4,c4 #eada7 is amended by     
adding at the end the following3  #cbh4 
,risk transfer  7a7 ,in general ,not    
later than #ij days after the date of   
enactment of this section1 the          
,administrator of the ,federal          
,emergency ,management ,agency shall    
solicit proposals and may secure        
contracts from private entities         

providing insurance1 reinsurance1 or    
capital market investments to transfer a
 portion of the risk of assistance      
provided under any or all of sections   
#djc1 #djd1 #djf1 #djg1 #djh1 and #dbh1 
and of title ,v4  7b7 ,treatment of     
funds ,the ,administrator shall deposit 
any funds collected as the result of    
transfer of risk arrangements into the  
,disaster ,relief ,fund and such funds  
are available for any purpose for which 
such ,fund may be used4  7c7 ,report    
,not later than #ah months after the    
date of enactment of this section1 the  
,administrator shall submit to ,congress
 a report that--  7#a7 provides a       
description of the proposals described  
in subsection 7a7 that the              
,administrator received2  7#b7 assesses 
the proposals described in paragraph    
7#a7 with respect to the capacity of    
private reinsurance1 capital1 and       
financial markets to assist communities 
in managing the full range of financial 
risks associated with major disasters2  

7#c7 assesses whether the rates and     
terms of the proposals described in     
paragraph 7#a7 are-- 7,a7 reasonable and
 appropriate2 and  7,b7 in an amount    
sufficient to ensure the ,disaster      
,relief ,fund has the resources         
necessary to respond to major disasters2
  7#d7 identifies the proposals1 if any1
 that contain rates and terms that      
satisfy the requirements of             
subparagraphs 7,a7 and 7,b7 of paragraph
 7#c72 and  7#e7 describes the extent to
 which the proposals described in       
paragraph 7#d7 would minimize the       
likelihood that the ,disaster ,relief   
,fund would require emergency           
supplemental appropriations4  7d7       
,authority ,to implement  7#a7 ,in      
general ,the ,administrator may annually
 transfer a portion of the risk of the  
payments that may be made pursuant to   
this section to private insurance1      
reinsurance1 or the capital markets1 or 
any combination thereof1 pursuant to the
 rates and terms of any proposals       

described in subsection 7c77#d71 if the 
,administrator determines that          
transferring such a portion is in the   
public interest4  7#b7 ,applicability of
 ,federal ,acquisition ,regulation ,any 
transfer of risk pursuant to paragraph  
7#a7 may be entered into without regard 
to the provisions of chapter #a of title
 #dh1 ,code of ,federal ,regulations4   
7#c7 ,expiration of authority ,the      
authority described in paragraph 7#a7   
expires #e years after the date on which
 the ,administrator first transfers a   
portion of risk pursuant to such        
paragraph4  7#d7 ,multiyear contracts   
,nothing in this subsection may be      
construed to prevent or prohibit the    
,administrator from entering into       
contracts having a duration longer than 
#a year4  7e7 ,report ,not later than #f
 months after the date on which the     
,administrator identifies a proposal    
that contains rates and terms that      
satisfy the requirements of             
subparagraphs 7,a7 and 7,b7 of          

subsection 7c77#c71 the ,administrator  
shall submit to ,congress a report      
detailing--  7#a7 whether the           
,administrator adopted the proposal2 and
  7#b7 the reasons the ,administrator   
adopted or did not adopt such proposal4 
4