Commission on Natural Disaster Risk Management and Insurance Act

This bill would create an independent commission to study the risks natural disasters pose to the United States and ways to reduce the financial costs of those disasters. The commission would have 26 unpaid members: 24 chosen by congressional leaders and committee leaders, and 2 state insurance commissioners. It would study topics such as the availability and cost of property insurance, building codes, state insurance funds, flood insurance, and the possible role of the federal government after major disasters. Within 2 years, the commission would send Congress a report with its findings and recommendations, and it would end 90 days after that report.

Full text and official record on Congress.gov

Sponsors

• Salud O. Carbajal Democrat sponsor
• 4 cosponsors