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Bill Would Provide Federal Guarantees For Bonds After Earthquake

U.S. Senators Barbara Boxer and Dianne Feinstein have introduced a bill that would authorize the U.S. Department of the Treasury to guarantee up to $5 billion in bonds available to certified public entities like the California Earthquake Authority following a “mega-catastrophe.”

By Chad Hemenway | Updated on March 22, 2011

NU Online News Service, March  22, 10:55 a.m. EST

U.S. Senators Barbara Boxer and Dianne Feinstein have introduced a bill that would authorize the U.S. Department of the Treasury to guarantee up to $5 billion in bonds available to certified public entities like the California Earthquake Authority (CEA) following a “mega-catastrophe.”

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