To establish a Natural Disaster Risk Reinsurance Program, and for other purposes.

Overview: HR 6274, To establish a Natural Disaster Risk Reinsurance Program, and for other purposes, Introduced in House, November 21, 2025

Purpose and Intent: The main purpose of this bill is to establish a federal Natural Disaster Risk Reinsurance Program. The program aims to provide reinsurance coverage to private insurers, helping to increase the availability and affordability of natural disaster insurance for individuals and businesses.

Key Provisions:
- Creates a Natural Disaster Risk Reinsurance Program within the Department of the Treasury
- Authorizes the program to provide reinsurance coverage to private insurers for losses resulting from natural disasters
- Requires the program to charge actuarially sound premiums to participating insurers
- Establishes a Natural Disaster Risk Reinsurance Fund to collect premiums and pay claims

Affected Parties and Impacts:
- Private insurance companies would be able to access reinsurance coverage through the program, potentially allowing them to offer more affordable natural disaster insurance policies
- Individuals and businesses in areas at risk of natural disasters would have increased access to affordable insurance coverage

Procedural and Timeline Considerations:
The bill has been introduced in the House and is currently in the early stages of the legislative process. If passed by Congress and signed into law, the Natural Disaster Risk Reinsurance Program would be established and begin providing reinsurance coverage to private insurers.