GRATER Act of 2018

Summary

Government Risk and Taxpayer Exposure Reduction Act of 2018 or the GRATER Act of 2018 This bill requires federal departments and agencies that administer credit, guarantee, or insurance programs to develop and implement a strategy and plan to transfer, to the maximum extent possible, the credit, guarantee, and insurance risk of the programs to the private sector. The strategy and plan must also address the utilization and development of private risk capacity in program and award development and administration. Federal departments and agencies that administer and award grants or aid must, in setting the terms for a new award, seek to utilize or encourage the development of, to the maximum extent possible, insurance risk capacity in the private sector in the United States and in foreign economies that receive or host grants or aid. The risk that is transferred to the private sector under this bill must be transferred at market terms, through a variety of financial instruments, and in a sustained and transparent manner.

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

Timeline

1. 22 March 2018

   Introduced

   Referred to the House Committee on Oversight and Government Reform.

   Source: IntroReferral

2. 22 March 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 March 2018

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 September 2018

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

5. 27 September 2018

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 27 September 2018

   Reported

   Approved Further Amendments To Measure Previously Reported.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 March 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 March 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 March 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 March 2018

  Open at official source

Sponsors

• ED ROYCE · R · Sponsor
• Blaine Luetkemeyer · R · Sponsor
• Dennis Ross · R · Sponsor
• · hsgo00 · Standing

Related records

No cross-record relationships stored yet.