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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

GRATER Act of 2018
Government Risk and Taxpayer Exposure Reduction Act of 2018

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To reduce and minimize the credit, guarantee, and insurance risk of all Federal Government programs by transferring such risk to the private sector at market terms, and for other purposes.


Actions Overview (1)

Date Actions Overview
03/22/2018Introduced in House

All Actions (5)

Date All Actions
09/27/2018Ordered to be Reported (Amended) by Voice Vote.
Action By: Committee on Oversight and Government Reform
09/27/2018Committee Consideration and Mark-up Session Held.
Action By: Committee on Oversight and Government Reform
09/27/2018Approved Further Amendments To Measure Previously Reported.
03/22/2018Referred to the House Committee on Oversight and Government Reform.
Action By: House of Representatives
03/22/2018Introduced in House
Action By: House of Representatives

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Luetkemeyer, Blaine [R-MO-3]* 03/22/2018
Rep. Ross, Dennis A. [R-FL-15]* 03/22/2018

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Oversight and Government Reform03/22/2018 Referred to
09/27/2018 Markup by

No related bill information was received for H.R.5381.


Latest Summary (1)

There is one summary for H.R.5381. View summaries

Shown Here:
Introduced in House (03/22/2018)

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.