US Congress House Bill 3794 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 21 2015 - 25% progression, died in committee
Action: 2015-10-21 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Nonprofit Property Protection Act This bill: amends the Liability Risk Retention Act of 1986 to rename it the Risk Retention Act of 1986; and exclude from "commercial insurance" covered by the Act any health, life, or disability insurance or workers compensation insurance or express contractual obligations owed to a consumer as a result of a personal, family, or household transaction, where the consumer pays a separate consideration for the express contractual obligation. The bill expands the kinds of state laws pertaining to business insurance from which a risk retention group shall be exempt to include laws pertaining to other lines of commercial insurance offered by a risk retention group to an entity organized and operated exclusively as a federal tax-exempt nonprofit charitable or educational institution, as long as the group meets specified criteria.

Nonprofit Property Protection Act

Rep. Dennis Ross [R-FL]

Rep. Ed Perlmutter [D-CO]

Date	Chamber	Action
2015-10-21	House	Referred to the House Committee on Financial Services.
2015-10-21	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3794/all-info
Text	https://www.congress.gov/114/bills/hr3794/BILLS-114hr3794ih.pdf