INSURE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2349 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2349 To require the Secretary of the Treasury to establish a catastrophic property loss reinsurance program, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 17, 2025 Mr. Schiff (for himself and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To require the Secretary of the Treasury to establish a catastrophic property loss reinsurance program, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Incorporating National Support for Unprecedented Risks and Emergencies Act'' or the ``INSURE Act''. SEC. 2. DEFINITIONS. In this Act: (1) All-perils property insurance policy.--The term ``all- perils property insurance policy'' means a property insura…