Homeowners Insurance Protection Act of 2005
Latest action · Nov 17, 2005 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 17, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Homeowners Insurance Protection Act of 2005 - Instructs the Secretary of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise the Secretary regarding estimated loss costs associated with contracts for reinsurance coverage.
Authorizes the Secretary to make homeowners protection coverage available through contracts for reinsurance coverage. Restricts purchase of such coverage to eligible state programs. Prescribes criteria for state eligibility.
Requires each contract for reinsurance coverage to provide insurance coverage against residential property losses to homes, including condominium and cooperative ownership, and the contents of apartment buildings. Cites covered perils.
Prescribes a minimum level of retained losses and maximum federal liability.
Establishes the Consumer Hurricane, Earthquake, Loss Protection (HELP) Fund to: (1) make payments to covered purchasers under contracts for reinsurance coverage for eligible losses; and (2) pay for Commission operating costs and reinsurance program administrative expenses.
Directs the Comptroller General to study the national flood insurance program and hurricane-related flooding.
Cosponsors 31
Members who signed on, in the order they did. Signatures ran from Nov 17, 2005 to Dec 7, 2006; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | E. Clay Shaw Jr. | Original | Nov 17, 2005 |
| R-FL | Ileana Ros-Lehtinen | Dec 6, 2005 | |
| D-NY | Carolyn McCarthy | Feb 8, 2006 | |
| R-MI | Joe Knollenberg | Feb 8, 2006 | |
| R-FL | Katherine Harris | Feb 8, 2006 | |
| D-NY | Steve Israel | Feb 8, 2006 | |
| R-FL | Tom Feeney | Feb 8, 2006 | |
| R-FL | Michael Bilirakis | Feb 14, 2006 | |
| D-FL | Alcee L. Hastings | Mar 1, 2006 | |
| R-FL | Jeff Miller | Mar 1, 2006 | |
| D-CA | Sam Farr | Mar 2, 2006 | |
| R-FL | C. W. Bill Young | Mar 8, 2006 | |
| R-FL | Mario Diaz-Balart | Mar 9, 2006 | |
| R-FL | Lincoln Diaz-Balart | Apr 27, 2006 | |
| D-FL | Jim Davis | May 18, 2006 | |
| R-IL | Mark Kirk | Jun 14, 2006 | |
| D-HI | Ed Case | Jun 15, 2006 | |
| R-FL | Dave Weldon | Jun 26, 2006 | |
| R-IL | Donald A. Manzullo | Jul 18, 2006 | |
| D-IL | Melissa L. Bean | Jul 20, 2006 | |
| D-NY | Gregory W. Meeks | Jul 24, 2006 | |
| R-IL | Ray LaHood | Jul 24, 2006 | |
| D-FL | Kendrick B. Meek | Jul 26, 2006 | |
| R-PA | Jim Gerlach | Jul 28, 2006 | |
| D-FL | Allen Boyd | Sep 7, 2006 | |
| D-TN | Bart Gordon | Sep 7, 2006 | |
| R-PA | Curt Weldon | Sep 7, 2006 | |
| D-PA | Michael F. Doyle | Sep 7, 2006 | |
| R-CA | Ken Calvert | Sep 25, 2006 | |
| R-FL | Mark Foley | Sep 25, 2006 | |
| R-IL | Jerry Weller | Dec 7, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Nov 17, 2005 |
Actions 2
Everything that happened, newest first.
- Nov 17, 2005Introduced in House
- Nov 17, 2005Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H4593 | E. Clay Shaw Jr. R-FL, Michael G. Oxley R-OH | Jun 27, 2006 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 109-119 | STABILIZING INSURANCE MARKETS FOR COASTAL CONSUMERS183 pages | Financial Services Committee | Sep 13, 2006 |
| Serial No. 109-103 | IS AMERICA'S HOUSING MARKET PREPARED FOR THE NEXT NATURAL CATASTROPHE?206 pages | Financial Services Committee | Jun 28, 2006 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3117 | Homeowners Protection Act of 2006 | Related bill | May 26, 2006 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish a program to provide reinsurance for State natural catastrophe insurance programs to help the United States better prepare for and protect its citizens against the ravages of natural catastrophes, to encourage and promote mitigation and prevention for, and recovery and rebuilding from such catastrophes, and to better assist in the financial recovery from such catastrophes.
- Short Titles as Introduced
- Homeowners Insurance Protection Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative procedure
- Building construction
- Building laws
- Building materials
- Casualty insurance
- Coinsurance
- Commerce
- Congress
- Congressional investigations
- Congressional reporting requirements
- Department of the Treasury
- Disaster insurance
- Earthquakes
- Economics and Public Finance
- Emergency Management
- Federal advisory bodies
- Finance and Financial Sector
- Fires
- Floods
- Government Operations and Politics
- Government publicity
- Government trust funds
- Governmental investigations
- Housing and Community Development
- Hurricane aftermath legislation
- Hurricanes
- Indexing (Economic policy)
- Insurance companies
- Insurance premiums
- Law
- Losses
- Property insurance
- Reinsurance
- Risk
- State laws
- Storms
- Tornadoes
- Tsunamis
- Volcanoes
Text 1
Each version as it was printed, newest first.
- Nov 17, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.