118th Congress · HOUSE BILLBILL

H.R. 1307 — To repeal the mandatory flood insurance coverage requirement for commercial properties located in flood hazard areas, and for other purposes.

“To repeal the mandatory flood insurance coverage requirement for commercial properties located in flood hazard areas, and for other purposes.”

Finance and financial sector

Introduced Mar 1, 2023

Last action Mar 1, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 1, 2023

Step 2

Referred

Mar 1, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill limits the required purchase of flood insurance in certain circumstances to only residential properties (currently, the requirement applies to all types of property).

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Mar 1, 2023

Introduced in House

Mar 1, 2023

Referred to the House Committee on Financial Services.