Commission on Natural Disaster Risk Management and Insurance Act
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill establishes a commission of experts in insurance, finance, emergency management and related fields to assess the nation's exposure to natural disasters and recommend ways to reduce financial losses. It would advise federal, state, local and tribal authorities but does not create new spending programs or regulatory powers. Members serve without pay and may share data with government agencies on a voluntary basis.
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