2025-2026 Regular SessionUS Congress Legislature

HB1481: CART Act of 2025 Catastrophic Risk Transfer Act of 2025

Legislative Summary

To amend the Internal Revenue Code of 1986 to establish a system for the taxation of catastrophic risk transfer companies to ensure sufficient capital to cover catastrophic insurance losses, and for other purposes.

Demographic Impact

Overall analysis of equity impact

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Bill History

2/21/2025
Introduced in House
House of Representatives
2/21/2025
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.
House of Representatives

Status Information

Current Status
Introduced(2/21/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)

Sponsors

Republican: 1
Democrat: 2

Primary Sponsor

Darin LaHood
Darin LaHood
Republican

Documents

Introduced
Bill Text3/18/2025273.6 KB