To require the Secretary of the Treasury to establish a catastrophic property loss 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 require the Secretary of the Treasury to establish a catastrophic property loss 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 H8B94D2FC810C4C1E88FB4FED826B6148: 1. Short title This Act may be cited as the Incorporating National Support for Unprecedented Risks and Emergencies Act or the INSURE Act.
- Section HB99751BCD76D43708BA1F22869314376: 2. Catastrophic property loss reinsurance program The Secretary of the Treasury shall, not later than 4 years after the date of the enactment of this section,...
- Section H33C44D626C8343E9A6F9040FFA1B215C: 3. Grant program to promote loss prevention investments The Secretary shall establish a grant program to provide grants to States to— incentivize participating...
- Section H636157E1658943CDA064A7C5AF249512: 4. Reports on relocation fund and earthquake coverage The Secretary shall not later than— 2 years after the date of the enactment of this Act, submit to...
- Section H12494CDD349644B38C1FBCA5C5C8A6A0: 5. Assistance for low-income consumers The Secretary shall, as amounts appropriated under this section allow, establish a grant program for States to provide...
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 require the Secretary of the Treasury to establish a catastrophic property loss 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 require the Secretary of the Treasury to establish a catastrophic property loss 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
Sponsors
Legislative Progress
IntroducedMr. Schiff (for himself, Ms. Tlaib, Mr. Mullin, Ms. Salinas, …
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
- "administrator_of_fema"
- → Administrator of the Federal Emergency Management Agency
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_agriculture"
- → Secretary of Agriculture
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
a consumer with an income of less than 120 percent of the median household income for the community. There is authorized to be appropriated to the Secretary to carry out this section— $50,000,000,000 in 2026
the Secretary of the Treasury. The term statistical plan means— a description of the data elements to be reported
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