Protecting Children Act

House Bill

H.R. 3997

119th Congress

Protecting Children Act

In Committee

Introduced:Jun 23, 2025

Primary Sponsor

Frederica S. Wilson

Representative

Democratic

FL-24

Cosponsors

1

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Protecting Children Act allows the Department of the Treasury to guarantee the debt of state catastrophe insurance programs and provide them with reinsurance coverage. This is intended to support the private insurance market and help homeowners get coverage for natural disaster losses. The bill also establishes a federal fund and consortium to manage catastrophic risk.

Latest Action

Referred to the House Committee on Financial Services.

SponsorFrederica S. Wilson (D-FL)

Introduced6/23/2025

StatusReferred to the House Committee on Education and Workforce.

ChamberHouse

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Vote Prediction

Protecting Children Act

The Protecting Children Act allows the Department of the Treasury to guarantee the debt of state catastrophe insurance programs and provide them with reinsurance coverage. This is intended to support the private insurance market and help homeowners get coverag

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The Protecting Children Act allows the Department of the Treasury to guarantee the debt of state catastrophe insurance programs and provide them with reinsurance coverage. This is intended to support the private insurance market and help homeowners get coverage for natural disaster losses. The bill also establishes a federal fund and consortium to manage catastrophic risk.

Bill Number: 3997
Sponsor: Frederica S. Wilson (D-FL)
Introduced: 6/23/2025
Status: Referred to the House Committee on Education and Workforce.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Protecting Children Act
Bill Number: 3997
Sponsor: Frederica S. Wilson (D-FL)
Status: Referred to the House Committee on Education and Workforce.
Introduced: 6/23/2025
Summary: The Protecting Children Act allows the Department of the Treasury to guarantee the debt of state catastrophe insurance programs and provide them with reinsurance coverage. This is intended to support the private insurance market and help homeowners get coverage for natural disaster losses. The bill

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The Protecting Children Act allows the Department of the Treasury to guarantee the debt of state catastrophe insurance programs and provide them with reinsurance coverage. This is intended to support the private insurance market and help homeowners get coverage for natural disaster losses. The bill also establishes a federal fund and consortium to manage catastrophic risk.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Homeowners' Defense Act of 2023 This bill allows the Department of the Treasury to guarantee the debt issued by an eligible state catastrophe insurance program, with limitations on the total amount of debt guaranteed. To qualify, a state program must (1) be established and authorized by state law as an insurance program or a reinsurance program designed to support the private insurance market, and (2) offer residential property insurance coverage for losses arising from any personal residential line of insurance. Treasury must pay the portion of the principal and interest on guaranteed debt due for payment if the state program has insufficient funds. Treasury must also make reinsurance coverage available to eligible state programs. (Reinsurance protects insurers from large losses.) The bill also establishes the Federal Natural Catastrophe Reinsurance Fund, funded in part by the sale of reinsurance contracts, to pay out eligible losses. The bill also establishes the National Catastrophe Risk Consortium which must maintain an inventory of catastrophic risk obligations held by natural catastrophe insurance, among other functions. The Department of Housing and Urban Development must provide grants to entities (such as states) for the purpose of preventing and mitigating losses from natural catastrophes. The Government Accountability Office must report on risk-based rate pricing and state insurance program rates.

Key Points

Main provisions of the bill

Allows the Treasury Department to guarantee debt of state catastrophe insurance programs that meet certain criteria.
Requires the Treasury Department to make reinsurance coverage available to eligible state programs.
Establishes a Federal Natural Catastrophe Reinsurance Fund and a National Catastrophe Risk Consortium to manage catastrophic risk.
Provides grants to entities like states to prevent and mitigate losses from natural disasters.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect homeowners and the private insurance industry by making it easier for states to offer affordable catastrophe insurance coverage. It could help ensure more people have protection against natural disaster losses in disaster-prone areas. State and local governments may also benefit from the grant funding and risk management tools provided.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3997, 119th Congress (2025). "Protecting Children Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3997

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