H.R. 1485 · 113th Congress
To amend the National Flood Insurance Act of 1968 to modify the phase-in increases in flood insurance premium…
Full title
To amend the National Flood Insurance Act of 1968 to modify the phase-in increases in flood insurance premium rates for certain properties, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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LoBiondoSponsor18 cosponsors · 7 D, 11 R
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Runyan
CS
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Smith
BJ
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Johnson
CB
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Boustany
JM
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Miller
BP
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Pascrell
TR
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Rooney
RD
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Davis
RF
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Frelinghuysen
RA
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Andrews
PK
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King
LL
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Lance
AS
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Sires
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Holt
MM
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Michaud
FP
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Pallone
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Nugent
MM
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McIntyre0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the National Flood Insurance Act of 1968 to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to provide flood insurance to certain prospective insureds at rates less than certain statutory estimates.
What it does: CRS summary · Introduced in House · Apr 11, 2013
Amends the National Flood Insurance Act of 1968 to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to provide flood insurance to certain prospective insureds at rates less than certain statutory estimates.
Increases by 12.5% each year the chargeable risk premium rates for flood insurance for business property and for residential property which is not the primary residence of an individual until the average risk premium rate for such properties is equal to the average of the risk premium rates for specified other properties.
Increases by 12.5% each year the chargeable risk premium rates for flood insurance for primary residences purchased after the enactment of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters [enacted July 6, 2012]) as if such increase began on the date of such enactment, until the average risk premium rate for such primary residences is equal to the average of the risk premium rates for specified other properties.
Requires the FEMA Administrator to adjust the chargeable risk premium rates for flood insurance, for properties subject to such 12.5% increase, as if the amendments made by this Act were enacted at the same time as Biggert-Waters.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the National Flood Insurance Act of 1968 to modify the phase-in increases in flood insurance premium rates for certain properties, and for other purposes.
Latest action (Apr 11, 2013): Referred to the House Committee on Financial Services.
Policy area: Emergency Management · Origin: House · Introduced: Apr 11, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.