To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events.
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 ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Government Operations.
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 HCE064CDBB39D4199B7A93D795CD875C0: 1. Short title; table of contents This Act may be cited as the Homeowners’ Defense Act of 2023. The table of contents for this Act is as follows:
- Section H6BC8D8539B2446CCB261B75A6089521A: 2. Findings and purposes The Congress finds that— the United States has a history of catastrophic natural disasters, including hurricanes, tornadoes, flood,...
- Section HF7B0A0173C4645168DA52C7F1B096256: 101. Establishment; chairperson; membership; bylaws There is established an entity to be known as the National Catastrophe Risk Consortium (in this title...
- Section HBBAE7AD3ADE144288529736976FEBD26: 102. Functions The Consortium shall— work with States to gather and maintain an inventory of catastrophe risk obligations held by providers of natural...
- Section HB7DA136E49FE48DD986E9571B283F016: 103. Authorization of appropriations There are authorized to be appropriated to carry out this title such sums as may be necessary for each of fiscal years...
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 ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Government Operations
Primary Purpose
This bill, To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events., 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
IntroducedMs. Wilson of Florida introduced the following bill; which was …
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
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
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