HR 5734 · 117th Congress

CART Act

<p><strong>Catastrophic Risk Transfer Act of 2021 or the CART Act</strong></p> <p>This bill establishes a system for the taxation of catastrophic risk transfer companies and their security holders to ensure sufficient capital to cover catastrophic insurance losses. The bill defines<em> catastrophic risk</em> as a r…

Sponsor

Himes, James A. (D-CT)

Introduced

2021-10-26

Policy area

Taxation

Latest action

Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.