What does SHORT TITLE. of Commission on Natural Disaster Risk Management and Insurance Act do?

This bill is formally titled the Commission on Natural Disaster Risk Management and Insurance Act.

What does MEMBERSHIP AND STRUCTURE. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section establishes the membership and structure of the Commission. The Commission will consist of 24 members, divided into four groups based on expertise. The first three groups of members (8 each) are appointed by Congressional leaders based on expertise in insurance, financial services, and disaster response. The final group of 2 members are State insurance commissioners selected through a process determined by those commissioners. Members appointed under subsections (a)(1) through (a)(3) cannot be government employees. Members appointed under subsection (a)(4) cannot be from the same political party. Members are appointed within 30 days of the Act's enactment and serve for the Commission's duration. A majority of the Commission members constitute a quorum. The Commission selects its own Chairperson by majority vote. The Commission can enter into information-sharing agreements with government entities, but may not share personally identifiable information. The Commission may not receive gifts without specific authorization.

What does DUTIES OF THE COMMISSION. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section establishes the duties of the Commission. The Commission is tasked with examining risks posed by natural disasters to the United States and means for mitigating associated financial costs. The assessment includes evaluating current exposure to natural disasters, demographic trends impacting risk, and the effectiveness of mitigation efforts. The Commission must analyze the role of government incentives, the condition of property and casualty insurance markets, and the impact of various laws and policies. It will also assess risk-sharing mechanisms, the potential of financial innovation, and the ability of the private insurance market to cover losses. The Commission is required to coordinate with State insurance commissioners and consult with relevant Federal agencies. The Commission will engage with public stakeholders, including insurers, reinsurers, and capital market participants.

What does TERMINATION. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section outlines the termination process for the Commission. The Commission is required to terminate 90 days after submitting its report under section 5. Upon termination, the Commission's data and information must be destroyed or returned to their owners.

What does AUTHORIZATION OF APPROPRIATIONS. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section authorizes appropriations to the Commission. The sums authorized are intended to carry out this Act. The appropriated funds will remain available until expended.

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Commission on Natural Disaster Risk Management and Insurance Act

Q: What does Preamble of Commission on Natural Disaster Risk Management and Insurance Act do?

This bill aims to establish a nonpartisan commission focused on natural disaster risk management. The commission's scope includes insurance and other financial and economic protections related to natural disasters. The bill was introduced by Mr. Carbajal and co-sponsored by Mr. Evans of Colorado, Mr. Carter of Louisiana, and Mr. Ezell.

Q: What does ESTABLISHMENT. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section establishes an independent, nonpartisan Commission on Natural Disaster Risk Management and Insurance. The Commission is referred to as the ``Commission'' within this Act.

Q: What does REPORT. of Commission on Natural Disaster Risk Management and Insurance Act do?

This section requires the Commission to submit a report to specified congressional committees. The report must include a detailed statement of the Commission's findings and assessments conducted under section 4. The report must also contain recommendations for actions at the Federal, State, or local levels to address issues described in section 4.

Last updated: 4/22/2026 · Introduced: 4/22/2026

Author: Salud Carbajal (D-CA)

TL;DR (AI)

This bill establishes a 24-member, nonpartisan Commission on Natural Disaster Risk Management and Insurance to assess natural disaster risks and related financial costs across the United States.
The Commission will analyze insurance markets, government incentives, and potential risk-sharing mechanisms, and coordinate with state insurance commissioners and federal agencies.
The Commission must submit a report with findings and recommendations to Congress and will terminate 90 days after submitting this report, with its data subsequently destroyed or returned.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 6 more.

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