,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hdci  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bb1 #bjbf,mr4 
,c>bajal 7= himself1 ,mr4 ,evans (      
,colorado1 ,mr4 ,c>t] ( ,l\isiana1 &    
,mr4 ,ezell7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,transportation & ,infra/ructure1 & 9   
addition to ! ,committee on ,f9ancial   
,s]vices1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to e/abli% a nonp>tisan       
commission on natural disa/] risk       
managem5t1 insurance1 & o!r f9ancial &  
economic protections1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,commission on ,natural ,disa/] ,risk 
,managem5t & ,insurance ,act4  #b4      
,e/abli%m5t ,!re is e/abli%$ an         
indep5d5t1 nonp>tisan ,commission on    
,natural ,disa/] ,risk ,managem5t &     
,insurance 79 ?is ,act ref]r$ to z !    
,commission74  #c4 ,memb]%ip & /ructure 

7a7 ,appo9tm5t ,! ,commission %all be   
compos$ (-- 7#a7 #h memb]s :o %all h    
g5]al k & exp]tise 9 insurance1         
re9surance1 insurance regulation1       
policyhold] conc]ns1 em]g5cy managem5t1 
risk managem5t1 public f9ance1 f9ancial 
m>kets1 actu>ial analysis1 flood mapp+ &
 plann+1 /ructural eng9e]+1 build+      
/&>ds1 l& use plann+1 natural disa/]s1  
meteorology1 seismology1 environm5tal   
issues1 quantitative cata/rophic risk   
model+1 or o!r p]t95t qualifications1 ( 
:i*--  7,a7 #b memb]s %all be appo9t$ by
 ! majority lead] ( ! ,s5ate2  7,b7 #b  
memb]s %all be appo9t$ by ! m9ority     
lead] ( ! ,s5ate2  7,c7 #b memb]s %all  
be appo9t$ by ! ,speak] ( ! ,h\se (     
,repres5tatives2 &  7,d7 #b memb]s %all 
be appo9t$ by ! m9ority lead] ( ! ,h\se 
( ,repres5tatives2  7#b7 #h memb]s :o   
%all h k & exp]tise 9 insurance1        
re9surance1 policyhold] conc]ns1 risk   
managem5t1 f9ancial m>kets1 urban       
developm5t or o!r p]t95t f9ancial       
s]vices or h\s+ qualifications1 ( :i*-- 

7,a7 #b memb]s %all be appo9t$ by !     
,*air ( ! ,committee on ,bank+1 ,h\s+1 &
 ,urban ,affairs ( ! ,s5ate2  7,b7 #b   
memb]s %all be appo9t$ by ! ,rank+      
,memb] ( ! ,committee on ,bank+1 ,h\s+1 
& ,urban ,affairs ( ! ,s5ate2  7,c7 #b  
memb]s %all be appo9t$ by ! ,*air ( !   
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives2 &  7,d7 #b     
memb]s %all be appo9t$ by ! ,rank+      
,memb] ( ! ,committee on ,f9ancial      
,s]vices ( ! ,h\se ( ,repres5tatives2   
7#c7 #h memb]s :o %all h k & exp]tise 9 
disa/] response & prep>$ness1 em]g5cy   
managem5t1 public f9anc+1 /ructural     
eng9e]+1 build+ /&>ds1 & o!r p]t95t     
gov]nm5t response & inve/m5t            
qualifications1 ( :i*--  7,a7 #b memb]s 
%all be appo9t$ by ! ,*air ( !          
,committee on ,transportation &         
,infra/ructure ( ! ,h\se (              
,repres5tatives2  7,b7 #b memb]s %all be
 appo9t$ by ! ,rank+ ,memb] ( !         
,committee on ,transportation &         
,infra/ructure ( ! ,h\se (              

,repres5tatives2  7,c7 #b memb]s %all be
 appo9t$ by ! ,*air ( ! ,committee on   
,homel& ,security & ,gov]nm5tal ,affairs
 ( ! ,s5ate2 &  7,d7 #b memb]s %all be  
appo9t$ by ! ,rank+ ,memb] ( !          
,committee on ,homel& ,security &       
,gov]nm5tal ,affairs ( ! ,s5ate2 &  7#d7
 #b memb]s :o %all be ,/ate insurance   
commission]s1 to be appo9t$ by a        
selection process det]m9$ by ! ,/ate    
insurance commission]s4  7b7            
,limitations ,memb]s ( ! ,commission    
appo9t$ "u--  7#a7 subsection 7a77#a7   
?r\gh 7a77#c7 %all n be (fic]s or       
employees ( ! ,unit$ ,/ates ,gov]nm5t or
 any ,/ate gov]nm5t2 &  7#b7 subsection 
7a77#d7 %all n be f ! same political    
p>ty4  7c7 ,p]iod ( appo9tm5t  7#a7 ,9  
g5]al ,ea* memb] ( ! ,commission %all-- 
7,a7 be appo9t$ n lat] ?an #cj days aft]
 ! date ( ! enactm5t ( ?is ,act2 &  7,b7
 s]ve = ! duration ( ! ,commission4     
7#b7 ,vacancies ,a vacancy on !         
,commission--  7,a7 %all n affect ! p[]s
 & duties ( ! ,commission2 &  7,b7 %all 

be fill$ 9 ! same mann] z ! orig9al     
appo9tm5t4  7d7 ,basic pay ,memb]s ( !  
,commission %all s]ve )\t pay4  7e7     
,quorum  7#a7 ,majority ,a majority ( ! 
memb]s ( ! ,commission %all con/itute a 
quorum1 b a less] numb]1 z det]m9$ by ! 
,commission1 may hold he>+s4  7#b7      
,approval actions ,all recomm5dations & 
reports ( ! ,commission requir$ by ?is  
,act %all be approv$ only by a majority 
vote ( all ( ! memb]s ( ! ,commission4  
7f7 ,*airp]son ,! ,commission %all1 by  
majority vote ( all ( ! memb]s ( !      
,commission1 select #a memb] ( !        
,commission to s]ve z ! ,*airp]son ( !  
,commission4  7g7 ,meet+s ,! ,commission
 %all meet at ! call ( ! ,*airp]son ( ! 
,commission or a majority ( ! memb]s ( !
 ,commission4  7h7 ,in=mation  7#a7     
,access  7,a7 ,9 g5]al ,! ,commission   
may ent] into in=mation-%>+ agreem5ts ) 
,f$]al1 ,/ate1 local & ,tribal gov]nm5t 
entities relat$ to relevant in=mation1  
includ+ nonpublicly available data4     
7,b7 ,limitation ,! ,commission may n   

ent] into an in=mation %>+-agreem5t     
describ$ 9 subp>agraph 7,a7 ) respect to
 in=mation t conta9s p]sonal id5tifiable
 in=mation4  7#b7 ,confid5tiality  7,a7 
,ret5tion ( privilege ,! %>+ or         
submission ( any nonpublicly available  
data & in=mation to ! ,commission %all n
 con/itute a waiv] (1 or o!rwise affect1
 any privilege aris+ "u ,f$]al or ,/ate 
law 7includ+ ! rules ( any ,f$]al or    
,/ate c\rt7 to :i* ! data or in=mation  
is o!rwise subject4  7,b7 ,cont9u$      
application ( prior confid5tiality      
agreem5ts ,any requirem5t "u ,f$]al or  
,/ate law to ! ext5t o!rwise applicable1
 or any requirem5t pursuant to a writt5 
agreem5t 9 effect betwe5 ! orig9al s\rce
 ( any nonpublicly available data or    
in=mation & ! s\rce ( su* data or       
in=mation to ! ,commission1 reg>d+ !    
privacy or confid5tiality ( any data or 
in=mation 9 ! possession ( ! s\rce to ! 
,commission1 %all cont9ue to apply to   
su* data or in=mation aft] ! data or    
in=mation has be5 provid$ to !          

,commission4  7#c7 ,limitation ,no?+ 9  
?is ,act %all be con/ru$ to--  7,a7     
require any ,f$]al1 ,/ate1 local or     
,tribal gov]nm5t ag5cy to %>e data or   
in=mation to ! ,commission2  7,b7       
au?orize ! ,commission to require data  
or in=mation f any /akehold]2 or  7,c7  
all[ any ,f$]al1 ,/ate1 local or ,tribal
 gov]nm5t to collect in=mation = :i* !y 
d n already h = ! sole purpose ( ! "w ( 
! ,commission4  7i7 ,gifts ,!           
,commission may n receive gifts to assi/
 x 9 c>ry+ out its duties )\t a specific
 au?orization4  #d4 ,duties ( !         
commission  7a7 ,assessm5t ,!           
,commission %all exam9e ! risks pos$ to 
! ,unit$ ,/ates 7bo? nationally & to    
individual ,/ates1 localities1 tribes & 
o!r geographic areas7 by natural disa/]s
 & means = mitigat+ ! risks & f9ancial  
co/s associat$ ) losses caus$ by natural
 disa/]s1 includ+ ! assessm5t (-- 7#a7 !
 curr5t exposure ( ! ,unit$ ,/ates to   
natural disa/]s1 includ+ wildfires1     
hurricanes1 e>?quakes1 volcanic         

eruptions1 tsunamis1 sev]e /orms        
7includ+ tornados1 hail1 & damag+ w9ds71
 extreme heat1 w9t] /orms1 flood+1      
dr\ghts1 & o!r natural disa/]s2  7#b7   
demographic tr5ds1 includ+ population   
migration to high-risk areas & !        
associat$ developm5t ( ! built          
environm5t1 & ! impact su* tr5ds c\ld h 
on ! co/ ( losses inflict$ by future    
natural disa/]s2  7#c7 ! curr5t ef=ts ( 
,/ates1 communities1 & individuals to   
mitigate _! natural disa/] risks1       
includ+ ! af=dability & effectiv5ess (  
su* mitigation2  7#d7 ! impact & b5efits
 ( /r5g!n$ l& use regulations & build+  
codes 9 areas at high risk = natural    
disa/]s1 & me?ods to /r5g!n en=cem5t (  
/ructural mitigation & vuln]ability     
r$uction measures1 su* z zon+ & build+  
code compliance2  7#e7 ! role ( ,f$]al1 
,/ate1 & local gov]nm5ts 9 provid+      
inc5tives = feasible risk mitigation    
ef=ts2  7#f7 ! curr5t condition (1 z    
well z ! outlook =1 ! availability &    
af=dability ( prop]ty & casualty        

insurance 9 all regions ( ! c\ntry & an 
analysis ( factors t may be adv]sely    
impact+ su* availability & af=dability2 
7#g7 ! impact ( ,f$]al & ,/ate laws1    
regulations1 & policies 7includ+ rate   
regulation1 m>ket access requirem5ts1   
re9surance1 acc\nt+ & tax policies1     
,/ate residual m>kets1 & ,/ate disa/]   
funds7 on--  7,a7 ! af=dability &       
availability ( insurance = losses       
result+ f natural disa/]2  7,b7 !       
capacity ( ! private insurance m>ket to 
cov] losses result+ f natural disa/]s2  
7,c7 ! comm]cial & resid5tial developm5t
 ( high-risk areas2 &  7,d7 ! co/s (    
natural disa/]s to ,f$]al & ,/ate       
taxpay]s2  7#h7 ! pres5t & long-t]m     
f9ancial condition ( ,/ate residual     
m>kets & natural disa/] funds 9         
high-risk regions1 includ+ ! likelihood 
( insolv5cy foll[+ a natural disa/]1 !  
conc5tration ( risks )9 su* funds1 !    
reliance on po/-ev5t assessm5ts & ,/ate 
fund+1 & ! adequacy ( rates2  7#i7 !    
v>i\s risk-%>+ me*anisms = natural      

disa/]s 7includ+ ! private insurance &  
re9surance m>kets1 ,/ate residual       
insurance m>kets1 cata/rophe bond       
m>kets1 & gov]nm5t insurance programs7 &
 ! relevant b5efits1 risks & practices =
 provid+ insurance protection to diff]5t
 sectors ( ! population ( ! ,unit$      
,/ates2  7#aj7 ! role t innovation 9    
f9ancial s]vices c\ld play 9 improv+ !  
f9ancial risk-%>+ ( ! co/s ( natural    
disa/]s1 specifically address+ measures 
t c\ld fo/] ! developm5t ( f9ancial     
products design$ to cov] natural disa/] 
risk1 su* z alt]native risk transf]     
me*anisms1 includ+ p>ametric insurance &
 cata/rophe bonds2  7#aa7 :e!r1 & h[1   
su* risk-%>+ me*anisms c be modifi$ to  
resolve key ob/acles curr5tly imp$+     
broad] take-up rate ( cata/rophic risk  
managem5t & f9anc+2  7#ab7 ! ability ( !
 ,unit$ ,/ates private insurance m>ket  
to cov] insur$ losses caus$ by natural  
disa/]s1 includ+ an e/imate ( ! maximum 
am\nt ( insur$ losses t c\ld be su/a9$  
dur+ a s+le ye> & ! probability (       

natural disa/]s occurr+ 9 a s+le ye> t  
w\ld inflict m insur$ losses ?an !      
,unit$ ,/ates insurance & re9surance    
m>kets c\ld su/a92  7#ac7 ! ne$ =       
f9ancial feasibility & su/a9ability ( a 
national1 regional1 or o!r coop]ation   
design$ to promote adequate prop]ty &   
casualty insurance take-up1 includ+ 9   
curr5t impact$ or con/ra9$ m>kets2      
7#ad7 ! appropriate role1 if any1 = !   
,f$]al ,gov]nm5t 9 ! /abilization (     
prop]ty & casualty insurance1           
re9surance1 or o!r impact$ m>kets foll[+
 cata/rophic loss ev5ts2  7#ae7 me?ods  
to promote ! take-up ( flood insurance  
policies ?r\gh ! ,national ,flood       
,insurance ,program to r$uce f9ancial   
losses caus$ by natural disa/]s 9 !     
un9sur$ sectors ( ! population ( !      
,unit$ ,/ates2 &  7#af7 any unique ne$s 
( l[-income communities to promote risk 
r$uction & prop]ty & casualty insurance 
take-up 9 su* communities4  7b7         
,consultation & public engagem5t ,9     
conduct+ ! assessm5ts requir$ 9         

subsection 7a71 ! ,commission %all--    
7#a7 coord9ate ) ,/ate insurance        
commission]s1 bo? individually &        
collectively1 on all insurance matt]s2  
7#b7 consult ) relevant ,f$]al ag5cies1 
z describ$ 9 subsection 7c71 on matt]s  
relat$ to ! preval5ce & co/ ( ,f$]al    
f9ancial assi/ance relat$ to losses     
result+ f natural disa/]s2 &  7#c7      
engage ) relevant public /akehold]s1    
includ+-- 7,a7 insur]s1 re9sur]s1 &     
insurance ag5ts & brok]s2 &  7,b7       
capital m>ket p>ticipants ) a focus on  
alt]native risk transf] me*anisms4  7c7 
,executive bran* assi/ance ,! heads ( ! 
foll[+ ag5cies %all advise & consult ) !
 ,commission on matt]s )9 _! respective 
areas ( responsibility3  7#a7 ,f$]al    
,em]g5cy ,managem5t ,ag5cy4  7#b7 ,u4,s4
 ,army ,corps ( ,eng9e]s4  7#c7         
,national ,oceanic & ,atmosph]ic        
,adm9i/ration4  7#d7 ,dep>tm5t ( ,h\s+ &
 ,urban ,developm5t4  7#e7 ,dep>tm5t (  
,h\s+ & ,urban ,developm5t4  7#f7 ,f$]al
 ,h\s+ ,f9ance ,ag5cy4  7#g7 ,f$]al     

,h\s+ ,adm9i/ration4  7#h7 ,dep>tm5t ( !
 ,treasury4  7#i7 ,dep>tm5t (           
,agriculture4  7#aj7 ,environm5tal      
,protection ,ag5cy4  7#aa7 ,any o!r     
ag5cy1 z det]m9$ by ! ,commission4  #e4 
,report ,n lat] ?an #b ye>s aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,commission  
%all submit to ! ,committee on ,bank+1  
,h\s+1 & ,urban ,affairs ( ! ,s5ate1 !  
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives1 ,committee on  
,homel& ,security & ,gov]nm5tal ,affairs
 ( ! ,s5ate1 & ! ,committee on          
,transportation & ,infra/ructure ( !    
,h\se ( ,repres5tatives a report t      
conta9s--  7#a7 a detail$ /atem5t ( !   
f9d+s & assessm5ts conduct$ by !        
,commission pursuant to section #d2 &   
7#b7 any recomm5dations = legislative1  
regulatory1 adm9i/rative1 or o!r actions
 at ! ,f$]al1 ,/ate1 or local levels t !
 ,commission consid]s appropriate to    
address ! issues describ$ 9 section #d4 
#f4 ,t]m9ation  7a7 ,9 g5]al ,!         
,commission %all t]m9ate #ij days aft] !

 date on :i* ! ,commission submits !    
report "u section #e4  7b7 ,data &      
in=mation ,^u ! t]m9ation ( !           
,commission1 all data & in=mation 9     
possession ( ! ,commission & its memb]s 
%all be de/roy$ or return$ to !         
respective own]s ( su* data & in=mation4
  #g4 ,au?orization ( appropriations    
,!re are au?oriz$ to be appropriat$ to !
 ,commission su* sums z may be necess>y 
to c>ry out ?is ,act1 to rema9 available
 until exp5d$4