Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
117-hr-7643117th Congress
FAITH Act of 2022
Sponsored By: Representative Crist, Charlie [D-FL-13]
Unknown
Summary
Fueling Affordable Insurance for Today's Homeowners Act of 2022 or the FAITH Act of 2022 This bill establishes the Natural Disaster Risk Reinsurance Program within the Department of the Treasury. States may voluntarily participate in the program. The program provides payments to states for damages from a natural disaster not covered by the National Flood Insurance Program for amounts in excess of trigger amounts. These trigger amounts are calculated by the National Academy of Sciences. States must present a plan that ensures the coverage of losses by insurers not exceeding the trigger amount. States must also pledge to repay the full amount provided by the program within 10 years.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Crist, Charlie [D-FL-13]
FL • D
Cosponsors
Rep. Demings, Val Butler [D-FL-10]
FL • D
Sponsored 8/19/2022
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 8/19/2022
Rep. Lawson, Al, Jr. [D-FL-5]
FL • D
Sponsored 8/19/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov