118th Congress Taxation
H.R. 3014: CART Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a system for the taxation of catastrophic risk transfer companies and their security holders to ensure sufficient capital to cover catastrophic insurance losses. The bill defines catastrophic risk as a risk of loss that has a low likelihood of occurring but that would be large in amount.
The bill defines catastrophic risk transfer company as any domestic corporation created and regulated under state law with the purpose of entering into one or more insurance or reinsurance agreements covering catastrophic risk.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- James Himes D-CTOriginal
- Blaine Luetkemeyer R-MO
- Jimmy Panetta D-CA
- Bradley Schneider D-IL
- W. Steube R-FL
- Carol Miller R-WV
- Michelle Steel R-CA
- Brittany Pettersen D-CO
- John Larson D-CT
- Mike Carey R-OH
- Wiley Nickel D-NC
Who scored on this bill
- 1Darin LaHood SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Darin LaHood
History
- Introduced in the House by Darin LaHood.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.