118th Congress · HOUSE BILLBILL

H.R. 7462Wildfire Insurance Coverage Study Act of 2024

To require the Government Accountability Office to conduct a study regarding insurance coverage for damages from wildfires, and for other purposes.

Finance and financial sector
Introduced Feb 26, 2024
Last action Jul 18, 2024
Pipeline · Bill → Law
Step 1
Introduced
Feb 26, 2024
Step 2
Referred
Feb 26, 2024
Financial Services
Step 3
Committee
Feb 29, 2024
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires reports regarding wildfire risk and damage. Specifically, the  Government Accountability Office (GAO) must report on trends in wildfire declarations, mitigation practices, state and federal programs regarding wildfire risk, and the need for a national map of wildfire risks. The GAO must also report on (1) the availability and cost of wildfire insurance coverage for homes and commercial property, (2) state regulatory responses to increasing costs of coverage, and (3) impediments to private wildfire insurance coverage.

Provisions · 2 sectionsReported to House
Timeline · 6 actions
Jul 18, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-589.
Jul 18, 2024
Placed on the Union Calendar, Calendar No. 489.
Feb 29, 2024
Committee Consideration and Mark-up Session Held
Feb 29, 2024
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 47 - 2.
Feb 26, 2024
Introduced in House
Feb 26, 2024
Referred to the House Committee on Financial Services.