North Carolina 2025 Session Status: In Committee 3 R cosponsors

SB 276 — Study Residual Property Market Mechanisms.

Last action — Passed 1st Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 12, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 20% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    2 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

12 added · 13 removed

Plain-language change summary

In the latest version of Senate Bill 276, the text has been adjusted to clarify the intent of the bill, specifically about studying improvements to the residual property market in response to rising insured losses from significant storms. Some lines of unnecessary procedural language were removed, making the bill more straightforward and focused on its main goal. This change is important because it helps ensure the bill clearly communicates what it aims to achieve, which can lead to better understanding and support from lawmakers and the public.

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Latest
FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Mar 12, 2025 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 276 Short Title:
276 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS45151-NE-82A Short Title:Study Residual Property Market Mechanisms.
Study Residual Property Market Mechanisms.
A BILL TO BE ENTITLED AN ACT TO STUDY POTENTIAL IMPROVEMENTS TO THE STATE'S RESIDUAL PROPERTY MARKET MECHANISMS.
Rules and Operations of the Senate March 13, 2025 A BILL TO BE ENTITLED AN ACT TO STUDY POTENTIAL IMPROVEMENTS TO THE STATE'S RESIDUAL PROPERTY MARKET MECHANISMS.
Itistheintentofthisacttostudypotentialimprovementstotheresidual property market mechanisms established in Articles 45 and 46 of Chapter 58 of the General Statutesin responseto theincreased challenges presentedby thesignificant insuredlosses caused by natural disasters.
It istheintentofthisacttostudypotentialimprovementstotheresidual property market mechanisms established in Articles 45 and 46 of Chapter 58 of the General Statutesin responseto theincreased challenges presentedbythesignificant insuredlosses caused by natural disasters.
For purposesofthissubdivision,"excesspropertycoverage"isdefinedasproperty coverage in addition to the insured's primary policy that is designed to cover costs exceeding those covered by the insured's primary policy.
For purposesofthissubdivision,"excesspropertycoverage"isdefined asproperty coverage in addition to the insured's primary policy that is designed to cover costs exceeding those covered by the insured's primary policy.
(2) The issuance of post-event catastrophe bonds as an option to provide for covered losses caused by a named storm, as defined in G.S.
(2) The issuance of post-event catastrophe bonds as an option to provide for covered losses caused bya named storm, as defined in G.S.
*DRS45151-NE-82A*
*S276-v-1*
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Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 1 co-sponsors · 176 not signed on

Sponsors (2)

Co-sponsors (1)

Not signed on (176)

176 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 276?
SB 276 is sponsored by Bob Brinson (Republican), Bobby Hanig (Republican), and Todd Johnson (Republican).
What is the current status of SB 276?
This bill is in committee in the Senate. Introduced March 12, 2025. It must pass committee before a floor vote.
Where can I track SB 276?
Track SB 276 free on One Click Politics — get push/email alerts when it moves.

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