Natural Disaster Risk Reinsurance Program Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Nov 21, 2025
What it does
The bill establishes a voluntary Natural Disaster Risk Reinsurance Program within the Department of the Treasury to protect insurers from insolvency due to major natural disasters by providing federal payments to participating states when insured losses exceed state-specific trigger amounts. Participating states must submit approved plans ensuring insurer solvency, data reporting, fair distribution of funds, and a pledge to repay federal payments with interest over 10 years. The program, effective for disasters occurring on or after January 1, 2026, is administered by the Treasury Secretary in consultation with the Federal Insurance Office and the National Academy of Sciences, which helps…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.