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
03/22/2018
Introduced in House
03/22/2018 Introduced in House
All Actions (5)
Date
All Actions
09/27/2018
Ordered to be Reported (Amended) by Voice Vote. Action By: Committee on Oversight and Government Reform
09/27/2018
Committee Consideration and Mark-up Session Held. Action By: Committee on Oversight and Government Reform
09/27/2018
Approved Further Amendments To Measure Previously Reported.
03/22/2018
Referred to the House Committee on Oversight and Government Reform. Action By: House of Representatives
03/22/2018
Introduced in House Action By: House of Representatives
09/27/2018 Ordered to be Reported (Amended) by Voice Vote.
09/27/2018 Committee Consideration and Mark-up Session Held.
09/27/2018 Approved Further Amendments To Measure Previously Reported.
03/22/2018 Referred to the House Committee on Oversight and Government Reform.
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 Reform
03/22/2018
Referred to
09/27/2018
Markup by
Related Bills (0)
No related bill information was received for H.R.5381.
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.
All Summaries (1)
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.