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H. Rept. 118-589 1 (2024-07-18)

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                     118TH CONGRESS                                          REPORT
                        2d Session     HOUSE   OF  REPRESENTATIVES           118-589







                        WILDFIRE   INSURANCE COVERAGE STUDY ACT OF 2024



                      JULY 18, 2024.-Committed to the Committee of the Whole House on the State of
                                        the Union and ordered to be printed



                         Mr.  McHENRY,   from  the Committee  on  Financial Services,
                                           submitted  the following


                                              REPORT

                                            [To accompany H.R. 7462]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 7462) to require the Government  Accountability  Office to
                     conduct  a study  regarding  insurance  coverage  for damages   from
                     wildfires, and for other purposes, having  considered  the same,  re-
                     ports favorably thereon with  an amendment and recommends that
                     the bill as amended do pass.

                                                  CONTENTS
                                                                                      Page
                     Purpose and Sum m ary  ............................................................................................  3
                     Background and Need for  Legislation  ....................................................................  3
                     R elated  H earings  .....................................................................................................  4
                     Com m ittee  Consideration  ........................................................................................  4
                     C om m ittee  V otes  .....................................................................................................  4
                     Com m ittee  Oversight Findings  ...............................................................................  6
                     Perform ance  Goals  and  Objectives  .........................................................................  6
                     Congressional Budget Office   Estimates   .................................................................  6
                     New Budget Authority, Entitlement Authority, and Tax Expenditures .............        7
                     Federal M andates  Statem ent  .................................................................................  7
                     Advisory Com m ittee  Statem ent  ..............................................................................  7
                     Applicability  to  Legislative  Branch  ........................................................................  7
                     Earm ark Identification  ............................................................................................  7
                     Duplication of Federal Program  s  ............................................................................  7
                     Section-by-Section  Analysis of the  Legislation  ......................................................  7

                       The amendment is   as follows:
                       Strike all after the enacting clause and insert the following:

                     SECTION 1. SHORT TITLE.
                     This  Act may be cited as the Wildfire Insurance Coverage Study Act of 2024.


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