To establish a Natural Disaster Risk Reinsurance Program, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To establish a Natural Disaster Risk Reinsurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H0EC575D5D5AA46F2B66D8FF817AF0A10: 1. Short title This Act may be cited as the Natural Disaster Risk Reinsurance Program Act of 2023.
- Section H4EBA3D689CD74842B0912EFE34A9E7D3: 2. Natural Disaster Risk Reinsurance Program There is established in the Department of the Treasury the Natural Disaster Risk Reinsurance Program, which shall...
- Section H76845784FF0448628B462DED7C0A30E0: 3. Reporting The Secretary shall require the State insurance regulator for each participating State to submit a report annually to the Secretary regarding each...
- Section HB06EE7BD2C6C47D7875E5869911D3A31: 4. General authority The Secretary shall have the powers and authorities necessary to carry out the Program, including authority— to investigate and audit all...
- Section H4AAF7C34519D486F9043EB74E6A6DC29: 5. Definitions In this Act, the following definitions shall apply: The term affiliate means, with respect to a participating insurer, any entity that controls,...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To establish a Natural Disaster Risk Reinsurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Housing
Primary Purpose
This bill, To establish a Natural Disaster Risk Reinsurance Program, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMr. Moskowitz introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
any entity, including any affiliate thereof— that is— licensed or admitted to engage in the business of providing primary or excess insurance in any State
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology