H.R. 3644, The Commission on Natural Catastrophe Risk Management and Insurance Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 3644 would establish a nonpartisan Commission on Natural Catastrophe Risk Management and Insurance.

Detailed Summary

Commission on Natural Catastrophe Risk Management and Insurance Act of 2007 - Establishes the Commission on Natural Catastrophe Risk Management and Insurance to report to Congress on the natural catastrophe insurance marketplace, including: (1) the extent to which insurance costs and availability are affected by specified factors; (2) which factors the federal government should address to increase catastrophe insurance availability and competitiveness; and (3) actions the federal government can undertake to achieve this goal without requiring a long-term cross-subsidy from taxpayers.

Requires the Commission to report to certain congressional committees before the beginning of the 2008 hurricane season.

Status of the Legislation

Latest Major Action: 9/24/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Points in Favor

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Points Against

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