To amend title XII of the National Housing Act to establish a national property reinsurance program to ensure the availability and affordability of property insurance in underserved areas.
National Property Reinsurance Act - Amends the National Housing Act to extend program authority for: (1) FAIR plans; (2) riot and civil disorder insurance; (3) market availability review; and (4) actions to recover premiums.
Establishes: (1) a national property reinsurance program for underserved areas; and (2) a National Property Reinsurance Fund in the Treasury.
Reestablishes, and revises the membership of, the Advisory Board established under the National Housing Act.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services. subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Housing and Community Opportunity.
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