H.R. 5381 · 115th Congress
GRATER Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RoyceSponsor2 cosponsors · 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Government Risk and Taxpayer Exposure Reduction Act of 2018 or the GRATER Act of 2018
What it does: CRS summary · Introduced in House · Mar 22, 2018
Government Risk and Taxpayer Exposure Reduction Act of 2018 or the GRATER Act of 2018
This bill requires federal departments and agencies that administer credit, guarantee, or insurance programs to develop and implement a strategy and plan to transfer, to the maximum extent possible, the credit, guarantee, and insurance risk of the programs to the private sector. The strategy and plan must also address the utilization and development of private risk capacity in program and award development and administration.
Federal departments and agencies that administer and award grants or aid must, in setting the terms for a new award, seek to utilize or encourage the development of, to the maximum extent possible, insurance risk capacity in the private sector in the United States and in foreign economies that receive or host grants or aid.
The risk that is transferred to the private sector under this bill must be transferred at market terms, through a variety of financial instruments, and in a sustained and transparent manner.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: GRATER Act of 2018
Also known as: Government Risk and Taxpayer Exposure Reduction Act of 2018
Latest action (Sep 27, 2018): Ordered to be Reported (Amended) by Voice Vote.
Policy area: Economics and Public Finance · Origin: House · Introduced: Mar 22, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.