Sponsors (4)
Introduced April 22, 2026 by Salud Carbajal · Last progress April 22, 2026
The bill creates a short-term, nonpartisan Commission to produce evidence-based recommendations that could improve insurance access, mitigation, and market stability, but its voluntary data access, limited authorities, potential to raise housing/insurance costs, administrative duplication, and open-ended funding leave its effectiveness and fiscal impacts uncertain.
State and local governments, homeowners, renters, and federal lawmakers: creates an independent, nonpartisan Commission to study disaster risk and insurance and deliver evidence-based, actionable recommendations to guide mitigation, insurance policy, and federal/state roles.
Homeowners, renters, and low-income communities: could see fewer uninsured losses and targeted strategies to improve insurance access and disaster resilience if the Commission's recommendations are adopted.
State governments and data owners (including contractors): preserves privacy and proprietary protections by allowing states to retain control over confidential data and requiring return or destruction of submitted information.
State and local governments, homeowners, and taxpayers: the bill leaves key authorities, membership details, duties, and timelines vague and restricts who may serve, creating real risk the Commission will be delayed, understaffed, or ineffectual.
Homeowners, renters, taxpayers, and financial markets: recommended policies (stricter land-use/building codes, expanded mandates/subsidies, changes to state assessments, or reliance on private capital) could raise housing costs, insurance premiums, taxpayer liabilities, or create new market exposures if implemented or mispriced.
State, local, and tribal governments, taxpayers, and oversight bodies: agencies are not required to share data and mandatory return/destruction rules may together prevent the Commission from accessing needed information and hinder later auditability or oversight.
Based on analysis of 7 sections of legislative text.
Creates a federal commission to assess natural disaster risks, insurance market capacity, mitigation, and recommend federal/state/local actions, with a report due in two years.
Creates an independent, nonpartisan federal commission to study U.S. natural disaster risk management and insurance. The Commission must assess disaster exposures, insurance market capacity (public and private), mitigation and enforcement, and the needs of low-income communities; consult with federal and state officials and private market participants; deliver a report with findings and recommendations to four congressional committees within two years; and terminate 90 days after submitting the report. The Commission will have 26 members (24 appointed by congressional leaders and committee chairs/ranking members plus 2 State insurance commissioners chosen by their peers), serve without pay, may enter information-sharing agreements (but cannot compel data), must protect confidential data, and is authorized unspecified appropriations to operate with funds available until expended.