A resolution recognizing that Florida's insurance market is gravely stressed by climate risks.
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
The bill requires non-binding Senate resolution calling on Fannie Mae, Freddie Mac, and the Treasury Department's Federal Insurance Office to scrutinize Demotech's insurance rating practices and assess the risk that Florida's. It relies on reporting requirements. The main policy areas are Insurance and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
Demotech insurance rating agency would take on compliance duties.
Key Provisions
- Requires non-binding Senate resolution calling on Fannie Mae, Freddie Mac, and the Treasury Department's Federal Insurance Office to scrutinize Demotech's insurance rating practices and assess the risk that Florida's...
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
The bill requires non-binding Senate resolution calling on Fannie Mae, Freddie Mac, and the Treasury Department's Federal Insurance Office to scrutinize Demotech's insurance rating practices and assess the risk that Florida's.
Key Policy Areas
Insurance, Finance
Primary Purpose
The bill requires non-binding Senate resolution calling on Fannie Mae, Freddie Mac, and the Treasury Department's Federal Insurance Office to scrutinize Demotech's insurance rating practices and assess the risk that Florida's.
Policy Domains
Resolution
Identified Costs
- Demotech insurance rating agency
Sponsors
Legislative Progress
In CommitteeMr. Whitehouse (for himself, Mr. Merkley, Mr. Markey, Mr. Van …
Referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "fannie_mae"
- → Federal National Mortgage Association (Fannie Mae)
- "freddie_mac"
- → Federal Home Loan Mortgage Corporation (Freddie Mac)
- "treasury_insurance_office"
- → Treasury Department Federal Insurance Office
Key Definitions
Terms defined in this bill
Government-run insurance programs that provide coverage when private insurers withdraw from a market, such as Florida's Citizens Property Insurance Corporation
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