Catastrophe Obligation Guarantee Act of 2009

Summary

Catastrophe Obligation Guarantee Act of 2009 - Directs the Secretary of the Treasury to guarantee holders against loss of principal, interest, or both, on obligations issued by eligible state programs that are established to provide insurance and reinsurance coverage for residential property in the case of catastrophic events. Prescribes standards for eligible state programs, and for catastrophic debt guarantees. Limits the aggregate principal amount of guaranteed debt following a catastrophic event to the amount by which the insured losses expected to be sustained by the state program as a result of the events exceed 80% of: (1) the qualifying assets of an eligible state program as stated in its most recent quarterly financial statement filed with the domiciliary regulator; or (2) a state's unrestricted net assets as stated in its annual financial statement. Pledges the full faith and credit of the United States to the payment of all guarantees issued under the program. Limits the aggregate total principal amount of guaranteed debt obligations to: (1) $5 billion for earthquake peril; and (2) $20 billion for all other perils. Makes appropriations to satisfy debt guarantee commitments and attendant administrative expenses.

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Timeline

1. 4 November 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 4 November 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 November 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 November 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 November 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 November 2009

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 4 November 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Sanchez, Loretta [D-CA-46] · D · Sponsor
• Rep. Lofgren, Zoe [D-CA-18] · D · Cosponsor
• Rep. Chu, Judy [D-CA-28] · D · Cosponsor
• Rep. Farr, Sam [D-CA-20] · D · Cosponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Cosponsor
• Rep. Garamendi, John [D-CA-8] · D · Cosponsor
• Rep. Campbell, John [R-CA-48] · R · Cosponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Sen. Schiff, Adam B. [D-CA] · D · Cosponsor
• Rep. Melancon, Charlie [D-LA-3] · D · Cosponsor
• Rep. Sánchez, Linda T. [D-CA-38] · D · Cosponsor
• Rep. Thompson, Mike [D-CA-4] · D · Cosponsor
• Rep. Capps, Lois [D-CA-24] · D · Cosponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Cosponsor
• Rep. Roybal-Allard, Lucille [D-CA-40] · D · Cosponsor
• Rep. Speier, Jackie [D-CA-14] · D · Cosponsor
• Rep. Richardson, Laura [D-CA-37] · D · Cosponsor
• Rep. Lee, Barbara [D-CA-12] · D · Cosponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• Rep. Berman, Howard L. [D-CA-28] · D · Cosponsor
• Rep. Honda, Michael M. [D-CA-15] · D · Cosponsor
• Rep. Sherman, Brad [D-CA-32] · D · Cosponsor
• Rep. Davis, Susan A. [D-CA-53] · D · Cosponsor
• Rep. McNerney, Jerry [D-CA-9] · D · Cosponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Cosponsor
• Rep. Matsui, Doris O. [D-CA-7] · D · Cosponsor
• · hsba00 · Standing

Related records

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