National Property Reinsurance Act

Subcommittee Hearings Held.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Oct 15, 1993

National Property Reinsurance Act - Amends the National Housing Act to extend program authority for: (1) State plans to assure fair insurance access (FAIR plans); (2) property reinsurance; (3) burglary and theft insurance; and (4) claims. Requires the Director of the Federal Emergency Management Agency to designate underserved areas for FAIR plan purposes. Replaces the existing program of reinsurance of losses from riots or civil disorders with a national property reinsurance program. Limits coverage to underserved areas in States with FAIR plans. Sets forth program provisions. Establishes in the Treasury the National Property Reinsurance Fund. Reestablishes the Advisory Board.

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People & committees

Who introduced it

Rep. Waters, Maxine [D-CA-35] · D–CA

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

May 19, 1994
Subcommittee Hearings Held.
Nov 15, 1993
Referred to the Subcommittee on Consumer Credit and Insurance.
Nov 15, 1993
Referred to the Subcommittee on Housing and Community Development.
Oct 15, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Oct 15, 1993
Introduced in House
Oct 15, 1993
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Oct 15, 1993 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.

Neutral evidence review

Objective

Analyze H.R.3298 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3298, 103rd Congress: National Property Reinsurance Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3298

Text version to examine: Introduced in House · 1993-10-15.

Official full text: https://www.congress.gov/103/bills/hr3298/BILLS-103hr3298ih.htm

Imported record last updated by the source: 2025-08-26T13:51:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3298 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3298 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.3298, 103rd Congress: National Property Reinsurance Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3298

Text version to examine: Introduced in House · 1993-10-15.

Official full text: https://www.congress.gov/103/bills/hr3298/BILLS-103hr3298ih.htm

Imported record last updated by the source: 2025-08-26T13:51:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3298 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3298 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.3298, 103rd Congress: National Property Reinsurance Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3298

Text version to examine: Introduced in House · 1993-10-15.

Official full text: https://www.congress.gov/103/bills/hr3298/BILLS-103hr3298ih.htm

Imported record last updated by the source: 2025-08-26T13:51:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3298 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3298 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3298, 103rd Congress: National Property Reinsurance Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3298

Text version to examine: Introduced in House · 1993-10-15.

Official full text: https://www.congress.gov/103/bills/hr3298/BILLS-103hr3298ih.htm

Imported record last updated by the source: 2025-08-26T13:51:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3298 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.