NCJ Number
97580
Date Published
1984
Length
171 pages
Annotation
This House of Representatives subcommittee hearing held on July 26, 1984, focused on a bill to extend the Federal Crime Insurance Program for another year.
Abstract
The opening statement by subcommittee chairman Henry B. Gonzalez noted that the program is scheduled to be terminated on October 1, 1984, because of administration opposition. He also noted an administration-sponsored bill that would provide 25 times as much money to crime victims as the amount to be terminated through the insurance program. Speakers include Federal and State elected officials, insurance industry representatives, and business organization representatives. Written materials came from similar sources. Most of the testimony strongly supported the extension of the program as a vital aid to businesses and residents in distressed areas as a way of preventing redlining in these areas. A speaker from the Federal Emergency Management Agency argued that the program was not necessary because mechanisms exist or could be established under State supervision to assume any insurance coverage that the voluntary private market cannot handle.