H.R. 114 — Introduced in House

I 117th CONGRESS 1st Session H. R. 114 IN THE HOUSE OF REPRESENTATIVES January 4, 2021Ms. 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. 1. National all-hazards disaster insurance program Not later than 320 days after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report on— (1) the feasibility and design of a national all-hazards disaster insurance program; (2) the risk of property owners continuing to underinsure or have no insurance on homes and the implications of those actions on the financial stability of the housing market; (3) the challenge of developing actuarial tables to determine premiums and the setting options for premium payments for disaster declaration policies to be collected annual, quarterly, or monthly; and (4) the challenges and feasibility of selling policies at the same time a property casualty policy is purchased.