H.R. 7462 would require the Government Accountability Office (GAO) to study the nature and extent of wildfire risk in the United States, the availability of private insurance coverage for wildfire damage, state regulation of those insurance markets, and other topics related to wildfire risk and insurance. The bill would require GAO to report to the Congress within one year after enactment on the results of the study.
Based on the costs of similar reports, CBO estimates that implementing the bill would cost less than $500,000 over the 2024-2029 period. Any spending would be subject to the availability of appropriated funds.
