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House Bill 2868
115th Congress(2017-2018)
National Flood Insurance Program Policyholder Protection Act of 2017
Introduced
Introduced
Introduced in House on Jun 8, 2017
Overview
Text
Sponsor
Republican
Introduced
Jun 8, 2017
Latest Action
Jul 11, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2868
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Lee Zeldin
New York
Democrat
Carolyn B. Maloney
New York
Democrat
Louise Slaughter
New York
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

National Flood Insurance Program Policyholder Protection Act of 2017

This bill amends the National Flood Insurance Act of 1968 to limit the flood insurance premium for a residential property having four or fewer residences to no more than $10,000 a year, subject to adjustments for future inflation.

In determining premium rates, the Federal Emergency Management Agency (FEMA) shall offer a rate reduction if policyholders implement specified flood damage mitigation methods. Mitigation techniques that qualify for a rate reduction include methods that can be utilized on a block or neighborhood scale, and the elevation of mechanical systems.

FEMA shall conduct a study of the feasibility of providing coverage for individual units in cooperative housing projects.

Text (2)
Reported in House
July 11, 2017
Introduced in House
June 8, 2017
Related Bills (1)
Nov 14, 2017
Passed House
1
Sponsorship
House Bill 2874
21st Century Flood Reform Act
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (6)
07/11/2017
Placed on the Union Calendar, Calendar No. 148.
07/11/2017
Reported by the Committee on Financial Services. H. Rept. 115-211.
06/15/2017
Ordered to be Reported by the Yeas and Nays: 53 - 0.
06/15/2017
Committee Consideration and Mark-up Session Held.
06/08/2017
Referred to the House Committee on Financial Services.
06/08/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:37:29 PM
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