Natural Disaster Risk Reinsurance Program Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6274 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6274 To establish a Natural Disaster Risk Reinsurance Program, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 21, 2025 Mr. Moskowitz introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish a Natural Disaster Risk Reinsurance Program, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Natural Disaster Risk Reinsurance Program Act''. SEC. 2. NATURAL DISASTER RISK REINSURANCE PROGRAM. (a) Establishment of Program.-- (1) In general.--There is established in the Department of the Treasury the Natural Disaster Risk Reinsurance Program, which shall apply only to covered events occurring on or after January 1, 2026. (2) Goal.--The goal of the Program shall be to protect insurers from insolvency resulting from covered events of a significant magnitude in a manner that provides for affordability of coverage in the marketplace for losses from such covered events. (3) Authority of secretary.--Notwithstanding any other provision of State or Federal law, the Secretary shall administer the Program, in consultation with the Director of the Federal Insurance Office, and shall make payments to States in accordance with subsection (b) to cover insured losses. (4) Voluntary participation.-- (A) In general.--Participation in the Program shall be voluntary on the part of a State, subject to the requirements under paragraph (4). (B) Election.--The Secretary shall provide a procedure by which States may elect to participate in the Program. (C) Termination of participation.--The Secretar