WASHINGTON–The Bush administration and insurance trade groups are voicing strong opposition to House legislation aimed at helping states secure natural catastrophe insurance.
In a statement of administration position released late yesterday, the administration said it "strongly opposes" the "Homeowners Defense Act of 2007," H.R. 3355. "Accordingly, if H.R. 3355 were presented to the president, his senior advisors would recommend that he veto the bill," the statement said.
The measure is scheduled to be debated on the House floor tomorrow.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
