Homeowners' Insurance Availability Act of 2005
Latest action · Mar 21, 2005 Referred to the Subcommittee on Housing and Community Opportunity.
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.
- IntroducedFeb 16, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Homeowners' Insurance Availability Act of 2005 - Instructs the Secretary of the Treasury to implement a reinsurance coverage program available only through contracts for reinsurance coverage purchased at regional auctions.
States that the purpose of the program is to improve: (1) the availability of homeowners' insurance for the purpose of facilitating the pooling, and spreading the risk, of catastrophic financial losses from disasters; and (2) the solvency of the homeowners' insurance markets.
Prescribes implementation guidelines that include establishment: (1) in the Treasury of the Disaster Reinsurance Fund; and (2) of a National Commission on Catastrophe Risks and Insurance Loss Costs.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Feb 16, 2005 to Sep 22, 2005, with 13 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Original | Feb 16, 2005 |
| D-OR | Darlene Hooley | Original | Feb 16, 2005 |
| R-FL | Dave Weldon | Original | Feb 16, 2005 |
| D-FL | Debbie Wasserman Schultz | Original | Feb 16, 2005 |
| R-VA | Frank R. Wolf | Original | Feb 16, 2005 |
| D-TX | Gene Green | Original | Feb 16, 2005 |
| R-FL | Ileana Ros-Lehtinen | Original | Feb 16, 2005 |
| D-FL | Jim Davis | Original | Feb 16, 2005 |
| D-GA | John Lewis | Original | Feb 16, 2005 |
| D-GU | Madeleine Z. Bordallo | Original | Feb 16, 2005 |
| R-FL | Michael Bilirakis | Original | Feb 16, 2005 |
| D-WA | Rick Larsen | Original | Feb 16, 2005 |
| R-FL | Tom Feeney | Original | Feb 16, 2005 |
| R-FL | E. Clay Shaw Jr. | Mar 3, 2005 | |
| R-FL | Lincoln Diaz-Balart | Mar 3, 2005 |
Actions 3
Everything that happened, newest first.
- Mar 21, 2005Referred to the Subcommittee on Housing and Community Opportunity.
- Feb 16, 2005Introduced in House
- Feb 16, 2005Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Apartment houses
- Auctions
- Auditing
- Building laws
- Commerce
- Condominium (Housing)
- Congress
- Congressional investigations
- Congressional reporting requirements
- Cooperative housing
- Disaster insurance
- Earthquakes
- Economics and Public Finance
- Emergency Management
- Federal advisory bodies
- Finance and Financial Sector
- Fires
- Floods
- Government liability
- Government Operations and Politics
- Government paperwork
- Government publicity
- Government trust funds
- Housing and Community Development
- Hurricanes
- Income tax
- Indexing (Economic policy)
- Insurance companies
- Insurance premiums
- Law
- Property insurance
- Reinsurance
- Restrictive trade practices
- State laws
- Tsunamis
- Volcanoes
- Water Resources Development
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.