NFIP Underwater Properties Act
Summary
NFIP Underwater Properties Act This bill requires that the premium rate for flood insurance provided through the National Flood Insurance Program (NFIP) for structures that have incurred repetitive flood-related damage 1) be based on sound actuarial principles, and 2) not be subject to any rate caps if the structure is located in a special flood hazard area. Under current law, certain types of property are not charged actuarial rates for NFIP coverage.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2021
Committee Review
Floor Vote
President
Introduced Sep 23, 2021
Last action Sep 23, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 23, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Sep 23, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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