The Homeowners’ Defense Act (H.R. 2555) is a bill proposed in the House and Senate in the 111th United States Congress. The bill was proposed by Democratic Representative, Ron Klein of Florida. The purpose of the law, according to its sponsors, is to ensure availability of homeowners’ insurance for catastrophic events. The legislation would create a National Catastrophe Risk Consortium to monitor and regulate state insurance entities. The Consortium would also be able to issue securities and loans from the U.S. Treasury to provide capital to state-run insurers for catastrophe related risks. Previous forms of the bill were introduced in the House and Senate, including H.R. 3355 (2007) (which passed in the House in 2007), but were never passed in both the House and Senate.
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| - Homeowner's Defense Act (en)
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| - The Homeowners’ Defense Act (H.R. 2555) is a bill proposed in the House and Senate in the 111th United States Congress. The bill was proposed by Democratic Representative, Ron Klein of Florida. The purpose of the law, according to its sponsors, is to ensure availability of homeowners’ insurance for catastrophic events. The legislation would create a National Catastrophe Risk Consortium to monitor and regulate state insurance entities. The Consortium would also be able to issue securities and loans from the U.S. Treasury to provide capital to state-run insurers for catastrophe related risks. Previous forms of the bill were introduced in the House and Senate, including H.R. 3355 (2007) (which passed in the House in 2007), but were never passed in both the House and Senate. (en)
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| - United States Homeowner's Defense Act of 2009 (en)
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amendments
| - H.Amdt885 -Pass- An amendment numbered 17 printed in the Congressional Record to make technical and conforming changes; add a new title which inserts new provisions on reinsurance coverage for qualified reinsurance programs; and to insert provisions requiring a study on the need for conditional coverage of commercial residential lines of insurance.
H.Amdt886 -Fail- An amendment numbered 6 printed in the Congressional Record to insert clarifying language to the bill relating to best practices in building codes.
H.Amdt887 -Pass- An amendment numbered 14 printed in the Congressional Record to include language which clarifies mitigation measures and encourages state and local governments to develop comprehensive land use and zoning plans that include natural hazard mitigation.
H.Amdt888 -Fail- An amendment numbered 13 printed in the Congressional Record to insert clarifying language with respect to catastrophic loans and losses covered by such loans.
H.Amdt889 -Withdrawn- An amendment numbered 2 printed in the Congressional Record to insert provisions which help to limit developer overbuilding in areas subject to risk of catastrophic financial loss.
H.Amdt890 -Fail- An amendment numbered 1 printed in the Congressional Record to insert clarifying language relating to delinquency of loans made for assistance in connection with a natural or other major disaster.
H.Amdt891 -Pass- An amendment numbered 4 printed in the Congressional Record to require that annual reports shall include an assessment of the costs to states and regions associated with catastrophe risk and an analysis of the costs and benefits, for states not participating in the consortium.
H.Amdt892 -Offered- An amendment numbered 12 printed in the Congressional Record to insert clarifying language relating to price gouging.
H.Amdt893 -Pass- An amendment to modify the instruction prohibiting price gouging by replacing it with language discouraging price gouging.
H.Amdt894 -Pass- An amendment numbered 15 printed in the Congressional Record to insert language prohibiting use of Federal funds of any kind or from any Federal source to repay a loan.
H.Amdt895 -Fail- An amendment in the nature of a substitute numbered 5 printed in the Congressional Record to insert a complete new text.
H.Amdt896 -Withdrawn- An amendment numbered 3 printed in the Congressional Record to provide for inclusion of business owners under the provisions of the bill. (en)
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| - House Financial Services and Senate Banking, Housing, and Urban Affairs (en)
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| - To ensure the availability and affordability of homeowners' insurance coverage for catastrophic events. (en)
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| - The Homeowners’ Defense Act (H.R. 2555) is a bill proposed in the House and Senate in the 111th United States Congress. The bill was proposed by Democratic Representative, Ron Klein of Florida. The purpose of the law, according to its sponsors, is to ensure availability of homeowners’ insurance for catastrophic events. The legislation would create a National Catastrophe Risk Consortium to monitor and regulate state insurance entities. The Consortium would also be able to issue securities and loans from the U.S. Treasury to provide capital to state-run insurers for catastrophe related risks. Previous forms of the bill were introduced in the House and Senate, including H.R. 3355 (2007) (which passed in the House in 2007), but were never passed in both the House and Senate. (en)
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