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United States · Bill · HR

H.R. 3355 (110th)

Homeowners' Defense Act of 2007

referredUnited States· United States Congress· EN

Introduced

3 August 2007

Last action

13 November 2007 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Klein, Ron [D-FL-22], Rep. Mahoney, Tim [D-FL-16], Rep. Abercrombie, Neil [D-HI-1], Rep. Arcuri, Michael A. [D-NY-24], Rep. Braley, Bruce L. [D-IA-1], Rep. Brown, Corrine [D-FL-5], Rep. Cleaver, Emanuel [D-MO-5], Rep. Clyburn, James E. [D-SC-6], Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5], Rep. Crowley, Joseph [D-NY-14], Rep. Emanuel, Rahm [D-IL-5], Rep. Farr, Sam [D-CA-20], Rep. Hare, Phil [D-IL-17], Rep. Hastings, Alcee L. [D-FL-20], Rep. Hill, Baron P. [D-IN-9], Sen. Hirono, Mazie K. [D-HI], Rep. Inslee, Jay [D-WA-1], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Kagen, Steve [D-WI-8], Rep. Lampson, Nick [D-TX-22], Rep. Larson, John B. [D-CT-1], Rep. Maloney, Carolyn B. [D-NY-12], Rep. McCarthy, Carolyn [D-NY-4], Rep. McNerney, Jerry [D-CA-9], Rep. Meek, Kendrick B. [D-FL-17], Rep. Melancon, Charlie [D-LA-3], Rep. Moran, James P. [D-VA-8], Rep. Ryan, Tim [D-OH-13], Rep. Sires, Albio [D-NJ-13], Rep. Tauscher, Ellen O. [D-CA-10], Rep. Walz, Timothy J. [D-MN-1], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Weiner, Anthony D. [D-NY-9], Rep. Wexler, Robert [D-FL-19], Rep. Perlmutter, Ed [D-CO-7], Rep. Delahunt, William D. [D-MA-10], Rep. Jindal, Bobby [R-LA-1], Rep. Lynch, Stephen F. [D-MA-8], Del. Christensen, Donna M. [D-VI-At Large], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Kennedy, Patrick J. [D-RI-1]

Subjects

Defence

Source updated

10 January 2026

Defence

Official sourceDownload fileView documentsShare

Summary

Homeowners' Defense Act of 2007 - Declares that the purposes of this Act is to provide a federal backstop for state-sponsored insurance programs to help homeowners prepare for and recover from the damages caused by natural catastrophes. Establishes a nonprofit National Catastrophe Risk Consortium, which shall not be an agency or instrumentality of the U.S. government, to: (1) gather an inventory of catastrophe risk obligations held by participating states' reinsurance funds, risk pools, or primary insurance corporations; (2) issue securities and other financial instruments linked to the catastrophe risk in the capital markets; (3) enter into reinsurance contracts with private parties, on a conduit basis; (4) act as a centralized repository of state risk information accessible by private-market participants interested in underwriting risk-linked securities or entering into reinsurance contracts; and (5) use an acquired catastrophe risk database to perform research and analysis that encourages standardization of the risk-linked securities market. Makes the Consortium eligible for discretionary federal grants, contracts, gifts, contributions, or technical assistance. Directs the Secretary of the Treasury to carry out a national homeowners' insurance stabilization program to make liquidity loans and catastrophic loans to state and regional reinsurance programs to: (1) ensure their solvency; (2) improve the availability and affordability of homeowners' insurance; and (3) spread the risk of catastrophic financial loss resulting from natural disasters and catastrophic events. Authorizes the Secretary to establish and collect a reasonable fee from precertified qualified reinsurance programs to offset stabilization program expenses. Prescribes requirements for qualified reinsurance programs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 August 2007

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 3 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 September 2007

    Referred

    Referred to the Subcommittee on Housing and Community Opportunity.

    Source: Committee

  5. 6 September 2007

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 25 September 2007

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 26 September 2007

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 27.

    Source: Committee

  8. 26 September 2007

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  9. 31 October 2007

    Calendars

    Placed on the Union Calendar, Calendar No. 264.

    Source: Calendars

  10. 31 October 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-419.

    Source: Committee

  11. 31 October 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-419.

    Source: Committee

  12. 6 November 2007

    Reported

    Rules Committee Resolution H. Res. 802 Reported to House. Rule provides for consideration of H.R. 3355 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waive except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

    Source: Floor

  13. 8 November 2007

    Floor

    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3355.

    Source: Floor

  14. 8 November 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  15. 8 November 2007

    Vote

    On passage Passed by recorded vote: 258 - 155 (Roll no. 1074).

    Source: Floor

  16. 8 November 2007

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 258 - 155 (Roll no. 1074).

    Source: Floor

  17. 8 November 2007

    Vote

    On motion to recommit with instructions Failed by recorded vote: 175 - 239 (Roll no. 1073).

    Source: Floor

  18. 8 November 2007

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H13368)

    Source: Floor

  19. 8 November 2007

    Floor

    Mrs. Capito moved to recommit with instructions to Financial Services. (consideration: CR H13367-13368; text: CR H13367)

    Source: Floor

  20. 8 November 2007

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text: CR H13345-13348)

    Source: Floor

  21. 8 November 2007

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H13367)

    Source: Floor

  22. 8 November 2007

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3355.

    Source: Floor

  23. 8 November 2007

    Floor

    Rule provides for consideration of H.R. 3355 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waive except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

    Source: Floor

  24. 8 November 2007

    Floor

    The Speaker designated the Honorable Mike Ross to act as Chairman of the Committee.

    Source: Floor

  25. 8 November 2007

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 802 and Rule XVIII.

    Source: Floor

  26. 8 November 2007

    Floor

    Considered under the provisions of rule H. Res. 802. (consideration: CR H13337-13370)

    Source: Floor

  27. 8 November 2007

    Passed

    Rule H. Res. 802 passed House.

    Source: Floor

  28. 13 November 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 13 November 2007

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 13 November 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 8 November 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 8 November 2007

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  • Passed House amended

    summary · EN · 8 November 2007

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  • Reported in House (text)

    Reported in House · EN · 31 October 2007

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  • Reported in House (PDF)

    Reported in House · EN · 31 October 2007

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  • Reported to House with amendment(s)

    summary · EN · 31 October 2007

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  • Introduced in House (text)

    Introduced in House · EN · 3 August 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 3 August 2007

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  • Introduced in House

    summary · EN · 3 August 2007

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Sponsors

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