H.R. 2874 - 115th Congress (2017-2018) - 21st Century Flood Reform Act

This bill amends the National Flood Insurance Act of 1968 to change annual limits on premium increases for insurance obtained through the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) must provide financial assistance, through state programs, for low income families to purchase NFIP insurance.

FEMA must allow a Write Your Own company to sell private flood insurance. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)

FEMA must provide: (1) an annual explanation of premiums; (2) historical flood data to property owners upon request; and (3) data related to NFIP risks and premiums, including community-level data, through a publicly available data system.

FEMA must commission an annual independent actuarial review of the financial status of NFIP.

The Government Accountability Office must report on: (1) the feasibility of reducing flood insurance premiums and eliminating the need for flood insurance coverage by authorizing flood damage savings accounts, and (2) flood insurance requirements for mortgages.

FEMA denials of requests for updated flood maps may be appealed.

The bill revises the NFIP community rating program to require FEMA to provide premium credits in communities that protect natural and beneficial floodplain functions.

This bill revises NFIP coverage for: (1) properties that have incurred multiple flood losses, (2) properties that have exceeded specified levels of claim payments, and (3) certain high-risk properties.

This bill amends the Flood Disaster Protection Act of 1973 to increase penalties for violations of the flood insurance requirement for mortgages.

Text (4)

November 15, 2017

November 14, 2017

September 11, 2017

June 12, 2017

Amendments (1)

Nov 14, 2017

Offered in House

Sponsorship

House Amendment 483

Pursuant to the provisions of H.Res. 616, the amendment in the nature of a substitute recommended by the Committee on Financial Services is considered as adopted.

Submitted

Actions (18)

Show Only Major Actions

11/15/2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

11/14/2017

Motion to reconsider laid on the table Agreed to without objection.

11/14/2017

On passage Passed by the Yeas and Nays: 237 - 189 (Roll no. 630). (text: CR H9209-9226)

11/14/2017

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 237 - 189 (Roll no. 630).(text: CR H9209-9226)

11/14/2017

On motion to recommit with instructions Failed by the Yeas and Nays: 190 - 236 (Roll no. 629).

11/14/2017

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to establish the effective date to take place after the first day that the Administrator of the Federal Emergency Management Agency and the Inspector General of the Federal Emergency Management Agency have certified that final resolution has been reached on all claims for losses resulting from Hurricane Sandy in 2012 that were covered by flood insurance made available under the National Flood Insurance Program.

11/14/2017

Mr. Pascrell moved to recommit with instructions to the Committee on Financial Services. (text: CR H9236)

11/14/2017

The previous question was ordered pursuant to the rule.

11/14/2017

DEBATE - The House proceeded with one hour of debate on H.R. 2874.

11/14/2017

The resolution provides for one hour of general debate and closed rule for H.R. 2874. Also, the resolution provides for consideration of the conference report to accompany H.R. 2810.

11/14/2017

Considered under the provisions of rule H. Res. 616. (consideration: CR H9209-9238)

11/13/2017

Rules Committee Resolution H. Res. 616 Reported to House. The resolution provides for one hour of general debate and closed rule for H.R. 2874. Also, the resolution provides for consideration of the conference report to accompany H.R. 2810.

09/11/2017

Placed on the Union Calendar, Calendar No. 217.

09/11/2017

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-304.

06/15/2017

Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 26.

06/15/2017

Committee Consideration and Mark-up Session Held.

06/12/2017

Referred to the House Committee on Financial Services.

06/12/2017

Introduced in House

Public Record

Record Updated

Jan 11, 2023 1:37:51 PM