# 119-s-2349: INSURE Act

119-s-2349, INSURE Act, is a 119th Congress bill sponsored by Sen. Schiff, Adam B. [D-CA] (D-CA); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2349
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2349
- Congress: 119
- Title: INSURE Act
- Status: introduced
- Introduced: 2025-07-17
- Sponsor: Sen. Schiff, Adam B. [D-CA] (D-CA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Creates a federal catastrophe reinsurance backstop to lower insurers' exposure and encourage loss-prevention partnerships.** The bill would set up a Federal Catastrophe Reinsurance Program and a Fund to hold and invest premiums to reinsure qualifying all-perils property insurers and support multi-year policy options.

## Cosponsors (1)

- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2025-07-17T00:00:00.000Z

## Provisions PRIA read

- Federal catastrophe reinsurance program: mixed, high. If enacted, the bill would create a federal catastrophe reinsurance program and a Fund to hold insurer premiums. The Secretary must set up the Program within 4 years and phase in perils from year 4 to year 8. If the Fund lacks money, the Secretary could issue U.S.-guaranteed notes or bonds to pay o…
- Multi-year home insurance pilot: mixed, medium. If enacted, the Secretary would run a pilot offering all-perils property policies with terms of at least five years. Insurers could raise premiums during the term only for construction-cost indexes, changes in home value, or optional coverages you choose. Insurers could not raise premiums because t…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-4949: Water Resources Development Act of 2026
- 119-s-2838: Protecting Our Democracy Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026

## Sources
- [119-s-2349 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2349)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-4949: Water Resources Development Act of 2026](https://policyrisk.com/legislation/119-s-4949)
- [119-s-2838: Protecting Our Democracy Act](https://policyrisk.com/legislation/119-s-2838)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2349 (as of 2025-12-21).