s 9 47696 1194325200 false 1194325200 2310 584 110 300022

11/6/2007--Introduced.<br/>Homeowners' Defense Act of 2007 - Establishes the National Catastrophe Risk Consortium as a nonprofit, nonfederal entity to: (1) maintain an inventory of catastrophe risk obligations held by state reinsurance funds, and state residual insurance market entities; (2) issue, on a conduit basis, securities and other financial instruments linked to catastrophe risks insured or reinsured through Consortium members; and (3) act as a centralized repository of state risk information accessible by certain private-market participants. Instructs the Secretary of the Treasury to implement a national homeowners' insurance stabilization program to make liquidity loans and catastrophic loans to qualified reinsurance programs to: (1) ensure their solvency; (2) improve the availability and affordability of homeowners' insurance; (3) provide incentive for risk transfer to the private capital and reinsurance markets; and (4) spread the risk of catastrophic financial loss resulting from natural disasters and catastrophic events. Authorizes the Secretary to establish and collect, from qualified and precertified reinsurance programs, a reasonable fee to offset expenses of the program. Instructs the Secretary to require full repayment of all loans made under this Act.<br/>

1194325200 2007-11-06 Sun Aug 31 09:44:44 -0500 2008 introduced 47696 'bill':2 'risk':8 'insur':14 'nation':6,12 'purpos':20 'stabil':15 'homeown':13 'program':16 'establish':4 'catastroph':7 'consortium':9 55244 false official introduced 47696 'act':3 '2007':5 'defens':2 'homeown':1 55243 false short introduced 47696 1194325200 Tue Nov 06 00:00:00 -0600 2007 138957 C001041 1947-10-26 38260 Hillary 'd':4 'ny':5 'sen':1 'clinton':3,7,9 'hillari':2,6,8 F 300022 Clinton Hillary_Clinton Rodham Sen. Hillary Clinton [D, NY] 14835 N00000019 25644 Democrat Methodist NY Hillary Clinton 3.34848484848485 L000550 1955-11-23 8543 328 Hart Senate Office Building http://landrieu.senate.gov/contact/index.cfm 202-224-9735 Mary 'd':4 'la':5 'sen':1 'mari':2,6,8 'landrieu':3,7,9 F 300063 Landrieu Mary_Landrieu L. Sen. Mary Landrieu [D, LA] 4481 N00005395 12033 Democrat 202-224-5824 Roman Catholic LA Mary Landrieu 1.90909090909091 http://landrieu.senate.gov/ M001162 1946-10-23 8320 356 Russell Senate Office Building http://martinez.senate.gov/public/?p=EmailSenatorMartinez 202-228-5171 Mel 'r':4 'fl':5 'mel':2,6,8 'sen':1 'martinez':3,7,9 M 400621 Martinez Mel_Martinez Sen. Mel Martinez [R, FL] 4965 N00026748 16467 Republican 202-224-3041 FL Mel Mel Martinez 3.20754716981132 http://martinez.senate.gov SenMartinezdotgov N000032 1942-09-29 8744 716 Hart Senate Office Building http://billnelson.senate.gov/contact/email.cfm 202-228-2183 Bill 'd':4 'fl':5 'sen':1 'bill':2,6,8 'nelson':3,7,9 M 300078 Nelson Bill_Nelson Sen. Bill Nelson [D, FL] 4288 N00009926 18881 Democrat 202-224-5274 Presbyterian FL Bill Nelson 2.19791666666667 http://billnelson.senate.gov/ SenBillNelson introduced 47696 1194325200 Tue Nov 06 00:00:00 -0600 2007 138957 action 47696 1194325200 Tue Nov 06 00:00:00 -0600 2007 138958 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.