Multiple Peril Insurance Act of 2007
Latest action · Feb 8, 2007 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.
- IntroducedFeb 8, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Multiple Peril Insurance Act of 2007 - Amends the National Flood Insurance Act of 1968 to require the national flood insurance program to enable the purchase of optional insurance against loss resulting from physical damage to or loss of real or related personal property located in the United States arising from any flood or windstorm (any hurricane, tornado, cyclone, typhoon, or other wind event).
Restricts multiperil coverage to areas (or their subdivisions) where an appropriate public body has adopted adequate land use and control measures, including effective enforcement provisions, which the Administrator of the Federal Emergency Management Agency (FEMA) finds are consistent with certain statutory criteria for land management and use relating to windstorms.
Prohibits provision of multiperil coverage to any structure (or related personal property ) covered, at any time, by flood insurance under the Act.
Prescribes the nature and terms of coverage, and actuarial rates.
Prohibits new multiperil coverage for property declared by a duly constituted governmental authority to be in violation of state or local laws, regulations, or ordinances intended to reduce windstorm damage.
Cosponsors 33
Members who signed on, in the order they did. Signatures ran from Feb 8, 2007 to Jul 18, 2007, with 13 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-TX | Al Green | Original | Feb 8, 2007 |
| R-LA | Bobby Jindal | Original | Feb 8, 2007 |
| D-NY | Carolyn B. Maloney | Original | Feb 8, 2007 |
| D-LA | Charlie Melancon | Original | Feb 8, 2007 |
| D-MA | Edward J. Markey | Original | Feb 8, 2007 |
| D-MO | Emanuel Cleaver | Original | Feb 8, 2007 |
| R-AL | Jo Bonner | Original | Feb 8, 2007 |
| D-TN | Lincoln Davis | Original | Feb 8, 2007 |
| D-CA | Maxine Waters | Original | Feb 8, 2007 |
| D-LA | Rodney Alexander | Original | Feb 8, 2007 |
| R-NC | Walter B. Jones | Original | Feb 8, 2007 |
| D-LA | William J. Jefferson | Original | Feb 8, 2007 |
| D-MO | Wm. Lacy Clay | Original | Feb 8, 2007 |
| D-MS | Bennie G. Thompson | Feb 15, 2007 | |
| D-VI | Donna M. Christensen | Feb 15, 2007 |
Actions 2
Everything that happened, newest first.
- Feb 8, 2007Introduced in House
- Feb 8, 2007Referred to the House Committee on Financial Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3121 | Flood Insurance Reform and Modernization Act of 2007 | Related bill | Jul 10, 2008 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative procedure
- Coinsurance
- Department of Homeland Security
- Disaster insurance
- Emergency Management
- Federal Emergency Management Agency
- Finance and Financial Sector
- Floods
- Government Operations and Politics
- Governmental investigations
- Hurricanes
- Insurance premiums
- Land use
- Law
- Local laws
- State laws
- Storms
- Tornadoes
- Zoning and zoning law
Text 1
Each version as it was printed, newest first.
- Feb 8, 2007Introduced 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.