Disaster Assistance Risk Transfer Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 25, 2018)
Disaster Assistance Risk Transfer Act of 2018
This bill amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to direct the Federal Emergency Management Agency (FEMA) to solicit proposals and authorize it to secure contracts from private entities providing insurance, reinsurance, or capital market investments to transfer a portion of the risk of disaster assistance.
FEMA shall deposit any funds collected as the result of transfer of risk arrangements into the Disaster Relief Fund and such funds shall be available for any purpose for which such fund may be used.
FEMA may annually transfer a portion of the risk of the payments that may be made to private insurance, reinsurance, or the capital markets if it determines that transferring such a portion is in the public interest.
What just happenedMay 29, 2018
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Who’s behind it
- Introduced in HouseMay 25, 2018
- May 29, 2018Committee
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Economic Development, Public Buildings, and Emergency Management Subcommittee - May 25, 2018IntroReferralH11100
Referred to the House Committee on Transportation and Infrastructure.
Transportation and Infrastructure Committee - May 25, 2018IntroReferralIntro-H
Introduced in House
- May 25, 2018IntroReferral1000
Introduced in House