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Core Policy Mechanism Top 2
Catastrophe insurance pilot grant program
Creates a new federal pilot program that funds communities and other eligible groups to design and launch community-based disaster insurance, targeting gaps left by private markets and requiring actuarially sound premiums and consumer disclosures.
- Population Scope Medium Directly reaches covered entities (state and local governments, nonprofits) seeking grants and property owners with uninsured natural hazard exposure — a meaningful but geographically and categorically bounded subset well below 25% of the U.S. population.
- Budgetary Magnitude Medium Establishes a new federal grant stream but is a time-limited pilot with no specific dollar amount in the bill text, making the fiscal commitment discretionary and uncertain in scale.
- Legal / Regulatory Depth High Creates a new statutory mandate requiring the Secretary of the Treasury to establish the program, imposes binding product standards (actuarial soundness, supplemental coverage, consumer disclosures), and delegates sub-federal actors new risk-pooling authority — a substantive restructuring of federal disaster-finance law.
- Degree of Discretion Granted Medium The Secretary of the Treasury must establish the program ('shall') within one year, constraining timing, but retains meaningful discretion in selecting grantees, sizing awards, and setting program parameters beyond the enumerated requirements.
- Implementation & Enforcement Burden Medium Requires standing up a new grant-administration and compliance infrastructure — including actuarial review, disclosure verification, and program evaluation — imposing recurring federal oversight obligations without novel civil or criminal penalties.
- Temporal Commitment Low Structured explicitly as a time-limited pilot, meaning it self-terminates absent congressional action to make it permanent.
No signal yet
Funding / Appropriations Top 2
Authorization of appropriations
Authorizes appropriations to carry out Community-based catastrophe insurance pilot program.
- Population Scope Low An authorization of appropriations clause directly affects federal budget actors and appropriations committees, not a broad public population.
- Budgetary Magnitude Medium Provides the legal basis for funding the pilot grant program but specifies no dollar amount, leaving the actual appropriation discretionary and subject to future congressional action.
- Legal / Regulatory Depth Low Authorizations of appropriations are a standard fiscal housekeeping move that enables but does not itself direct spending, imposing no new substantive duty or enforceable right.
- Degree of Discretion Granted Low Grants Congress discretion over future appropriations levels but confers no new executive or agency discretionary authority beyond what the core program already establishes.
- Implementation & Enforcement Burden Low Creates no enforcement mechanism, compliance obligation, or administrative burden — it is a permissive fiscal authorization only.
- Temporal Commitment Low Tied to a pilot program with an implicit end date; absent additional appropriations, the authorization lapses with the pilot's conclusion.
No signal yet
No possible riders have been surfaced for this bill.
Summary
This bill directs the federal government to create a pilot grant program to help communities develop new types of insurance for natural disasters. Many properties face large financial losses from hurricanes, floods, and other hazards that private insurance does not fully cover. Grants would help eligible organizations research, design, and launch community-based insurance products that fill those gaps while also encouraging steps to reduce future disaster damage.
AI-generated summary, pending human review.
| Version | Event | Date | User support | Your vote | Roll calls |
|---|---|---|---|---|---|
| Original |
Initial publication
Oct 1, 2026
|
Oct 1, 2026 | No votes yet | — | — |
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Core Policy Mechanism Top 2
Catastrophe insurance pilot grant program
Creates a new federal pilot program that funds communities and other eligible groups to design and launch community-based disaster insurance, targeting gaps left by private markets and requiring actuarially sound premiums and consumer disclosures.
- Population Scope Medium Directly reaches covered entities (state and local governments, nonprofits) seeking grants and property owners with uninsured natural hazard exposure — a meaningful but geographically and categorically bounded subset well below 25% of the U.S. population.
- Budgetary Magnitude Medium Establishes a new federal grant stream but is a time-limited pilot with no specific dollar amount in the bill text, making the fiscal commitment discretionary and uncertain in scale.
- Legal / Regulatory Depth High Creates a new statutory mandate requiring the Secretary of the Treasury to establish the program, imposes binding product standards (actuarial soundness, supplemental coverage, consumer disclosures), and delegates sub-federal actors new risk-pooling authority — a substantive restructuring of federal disaster-finance law.
- Degree of Discretion Granted Medium The Secretary of the Treasury must establish the program ('shall') within one year, constraining timing, but retains meaningful discretion in selecting grantees, sizing awards, and setting program parameters beyond the enumerated requirements.
- Implementation & Enforcement Burden Medium Requires standing up a new grant-administration and compliance infrastructure — including actuarial review, disclosure verification, and program evaluation — imposing recurring federal oversight obligations without novel civil or criminal penalties.
- Temporal Commitment Low Structured explicitly as a time-limited pilot, meaning it self-terminates absent congressional action to make it permanent.
No signal yet
Core Policy Mechanism
Catastrophe insurance pilot grant program
Funding / Appropriations Top 2
Authorization of appropriations
Authorizes appropriations to carry out Community-based catastrophe insurance pilot program.
- Population Scope Low An authorization of appropriations clause directly affects federal budget actors and appropriations committees, not a broad public population.
- Budgetary Magnitude Medium Provides the legal basis for funding the pilot grant program but specifies no dollar amount, leaving the actual appropriation discretionary and subject to future congressional action.
- Legal / Regulatory Depth Low Authorizations of appropriations are a standard fiscal housekeeping move that enables but does not itself direct spending, imposing no new substantive duty or enforceable right.
- Degree of Discretion Granted Low Grants Congress discretion over future appropriations levels but confers no new executive or agency discretionary authority beyond what the core program already establishes.
- Implementation & Enforcement Burden Low Creates no enforcement mechanism, compliance obligation, or administrative burden — it is a permissive fiscal authorization only.
- Temporal Commitment Low Tied to a pilot program with an implicit end date; absent additional appropriations, the authorization lapses with the pilot's conclusion.
No signal yet
Funding / Appropriations
Authorization of appropriations
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