Commission on Natural Disaster Risk Management and Insurance Act
Sponsored By: Representative Carbajal, Salud O. [D-CA-24]
Introduced
Summary
Creates an independent, nonpartisan Commission on Natural Disaster Risk Management and Insurance to study disaster risk, insurance, and related financial protections. The commission would gather experts, access relevant federal, state, local, and Tribal information under privacy protections, and produce recommendations and reports to inform policy and practice.
Show full summary
- Policymakers and planners would get findings and recommendations from a 26-member expert body on topics like risk modeling, flood mapping, building standards, and public finance.
- Insurers, reinsurers, housing stakeholders, and financial markets would receive analyses and policy options shaped by specialists in actuarial analysis, reinsurance, insurance regulation, and catastrophic risk modeling.
- State insurance commissioners and public stakeholders would be represented by two commissioners chosen by their peers; most members would serve without pay and Classes 1–3 members may not be federal or state employees.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Study disaster risk and report to Congress
If enacted, the bill would require the Commission to study U.S. exposure to floods, wildfires, hurricanes, earthquakes, droughts, extreme heat, and other disasters. The study would review insurance markets, reinsurance, catastrophe bonds, building codes, land use, mitigation, and the needs of low‑income communities. The Commission would estimate how much insured loss the private market could sustain. The Commission would send a full report with findings and recommendations to four named congressional committees within 2 years after enactment.
Create a 26‑member disaster commission
If enacted, the bill would create an independent, nonpartisan Commission with 26 members. Members would be appointed within 30 days after enactment and would serve without pay. The Commission would pick a chair by majority vote and need a majority of all members to approve its reports. The Commission would end 90 days after it submits its required report.
Funding, data rules, and agency outreach
If enacted, Congress could appropriate whatever money is needed for the Commission and those funds would remain available until spent. The Commission would be required to coordinate with State insurance commissioners and consult many Federal agencies and private stakeholders. The Commission could receive nonpublic government data for analysis but could not get personally identifiable information, compel stakeholders to provide data, or require agencies to create new data. The Commission could not accept gifts to help its work unless a law specifically allowed them.
Sponsors & CoSponsors
Sponsor
Carbajal, Salud O. [D-CA-24]
CA • D
Cosponsors
Evans (CO)
CO • R
Sponsored 4/22/2026
Rep. Carter, Troy A. [D-LA-2]
LA • D
Sponsored 4/22/2026
Rep. Ezell, Mike [R-MS-4]
MS • R
Sponsored 4/22/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov