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- H.R.5734
H.R.5734: CART Act
About This Bill
- Introduced Oct. 26, 2021
- Latest Major Action Oct. 26, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 2 Republicans)
Bill Version
- Introduced in House - Oct. 26, 2021
Bill Summary
Catastrophic Risk Transfer Act of 2021 or the CART Act 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 26, 2021 |
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.
|
| Oct. 26, 2021 |
Introduced in the House by Jim Himes (D-Conn.) |