H.R. 827IntroducedHouse · nowSenatePresidentLawIn committeeSec. 201 · H.R. 827
Purposes
Title II — Catastrophe Obligation Guarantees
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The purposes of this title are to establish a program— (1) to promote the availability of private capital to provide liquidity and capacity to State catastrophe insurance programs; and (2) to expedite the payment of claims under State catastrophe insurance programs and better assist the financial recovery from significant natural catastrophes by authorizing the Secretary of the Treasury to guarantee debt for such purposes.