# 114-hr-4947: Natural Disaster Reinsurance Act of 2016

114-hr-4947, Natural Disaster Reinsurance Act of 2016, is a 114th Congress bill sponsored by Rep. Jolly, David W. [R-FL-13] (R-FL); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4947
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4947
- Congress: 114
- Title: Natural Disaster Reinsurance Act of 2016
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2016-04-14
- Sponsor: Rep. Jolly, David W. [R-FL-13] (R-FL)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Natural Disaster Reinsurance Act of 2016 This bill directs the Department of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise it regarding estimated loss costs associated with contracts for reinsurance coverage. Treasury may make homeowners protection coverage available through contracts for reinsurance coverage. Only eligible state programs may purchase such coverage. Each contract for reinsurance coverage shall furnish insurance coverage against residential property losses to homes, including condominium and cooperative ownership, and the contents of apartment buildings. The bill prescribes a minimum level of retained losses and maximum federal liability. Any insurer who participates in an eligible state program may establish a Catastrophe Capital Reserve Fund to hold funds on Treasury's behalf to offset reinsurance claims. The bill establishes the Consumer Hurricane, Earthquake, Loss Protection (HELP) Fund to: (1) make payments to covered purchasers under contracts for reinsurance coverage for eligible losses, and (2) pay for Commission operating costs and reinsurance program administrative expenses.

## Related bills

- 114-hr-6292: Trafficking Survivors Relief Act of 2016
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act
- 114-hr-5958: Making supplemental appropriations for fiscal year 2016 for Zika response and preparedness.
- 114-hr-5942: Dialysis PATIENTS Demonstration Act of 2016
- 114-hr-5840: Fishing Equipment Tax Relief Act of 2016
- 114-hr-5813: Overtime Reform and Enhancement Act

## Sources
- [114-hr-4947 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4947)

## Related
- [114-hr-6292: Trafficking Survivors Relief Act of 2016](https://policyrisk.com/legislation/114-hr-6292)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [114-hr-5958: Making supplemental appropriations for fiscal year 2016 for Zika response and p…](https://policyrisk.com/legislation/114-hr-5958)
- [114-hr-5942: Dialysis PATIENTS Demonstration Act of 2016](https://policyrisk.com/legislation/114-hr-5942)
- [114-hr-5840: Fishing Equipment Tax Relief Act of 2016](https://policyrisk.com/legislation/114-hr-5840)
- [114-hr-5813: Overtime Reform and Enhancement Act](https://policyrisk.com/legislation/114-hr-5813)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4947 (as of 2025-11-18).