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United States · Bill · HR

H.R. 3303 (106th)

Natural Disaster Insurance Solvency Act of 1999

referredUnited States· United States Congress· EN

Introduced

10 November 1999

Last action

Status

Referred to the Subcommittee on Housing and Community Opportunity.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Natural Disaster Insurance Solvency Act of 1999 - Establishes the Natural Disaster Insurance Solvency Fund (NDISF) as a non-Federal agency to hold, invest, and distribute private insurance solvency reserve amounts for rare catastrophic events. Directs the NDISF to establish and maintain a Catastrophe Emergency Solvency Reserve Account as a tax-exempt custodial account to hold all contributions of solvency reserve amounts. Mandates NDISF audits by the Comptroller General. Grants the NDISF off-budget status.

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Documents

3 official files

Introduced in House (text)

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Sources

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