legislation: 109-s-3117

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-s-3117 109 s 3117 Homeowners Protection Act of 2006 Finance and Financial Sector 2006-05-25 2006-05-26 Sponsor introductory remarks on measure. (CR S5332-5333) Senate Sen. Nelson, Bill [D-FL] FL D N000032 0 Homeowners Protection Act of 2006 - Directs the Secretary of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise the Secretary regarding: (1) estimated loss costs associated with the contracts for reinsurance coverage; and (2) development of prevention, mitigation, recovery, and rebuilding standards that better prepare and protect the United States from catastrophes. Instructs the Secretary to implement a program designed to make homeowners protection coverage available through contracts for reinsurance. Prescribes guidelines governing: (1) qualified lines of coverage; (2) covered perils; (3) contracts for reinsurance coverage for eligible state programs; and (4) minimum level of retained losses and maximum federal liability. Establishes the Consumer HELP Fund for: (1) payments to covered purchasers under contracts for reinsurance coverage; and (2) operating and administrative costs. 2023-01-13T04:48:10Z  

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